A new car is purchased for $19,000 and over time its value depreciates by one half every 5.5 years. Write a function showing the value of the car after tt years, where the annual decay rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of decay per year, to the nearest hundredth of a percent. Include the growth and increase per year
A new car is purchased for $19,000 and over time its value depreciates by one half every 5.5 years. Write a function showing the value of the car after tt years, where the annual decay rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of decay per year, to the nearest hundredth of a percent. Include the growth and increase per year
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A new car is purchased for $19,000 and over time its value depreciates by one half every 5.5 years. Write a function showing the value of the car after tt years, where the annual decay rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of decay per year, to the nearest hundredth of a percent. Include the growth and increase per year
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