Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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After becoming Prime Minister of Canada, Connor decided to buy a brand-new electric Lamborghini for $280,500. Every year, his car will depreciate (go down) in value by 14%.

a) Create a model to show the car’s exponential decay.
b) Determine how much his car will be worth by the time the next election comes around (Elections in Canada usually happen every 4 years). Remember to show all your work.

(Part a) Exponential Model:

[Space for Model]

(Part b) How much will Connor’s car be worth after 4 years?

[Image of a white Lamborghini]
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Transcribed Image Text:After becoming Prime Minister of Canada, Connor decided to buy a brand-new electric Lamborghini for $280,500. Every year, his car will depreciate (go down) in value by 14%. a) Create a model to show the car’s exponential decay. b) Determine how much his car will be worth by the time the next election comes around (Elections in Canada usually happen every 4 years). Remember to show all your work. (Part a) Exponential Model: [Space for Model] (Part b) How much will Connor’s car be worth after 4 years? [Image of a white Lamborghini]
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