2. A car with an initial value of $35,000 depreciates exponentially. The value of the car after 4 years is estimated to be $16,000. a. Write an exponential function to model the value of the car after t years. b. What does your model predict the value of the car to be after 10 years? Round your final answer to the nearest dollar.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 1SE: Explain why the values of an increasing exponentialfunction will eventually overtake the valuesof...
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2. A car with an initial value of $35,000 depreciates exponentially. The value of the car after 4 years is
estimated to be $16,000.
a. Write an exponential function to model the value of the car after t years.
b. What does your model predict the value of the car to be after 10 years? Round your final answer to the
nearest dollar.
Transcribed Image Text:2. A car with an initial value of $35,000 depreciates exponentially. The value of the car after 4 years is estimated to be $16,000. a. Write an exponential function to model the value of the car after t years. b. What does your model predict the value of the car to be after 10 years? Round your final answer to the nearest dollar.
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