Question

(PLEASE HELPPP!!!)

A used car has a value of $15,250 when it is purchased in 2012. The value of the car decreases at a rate of 7.5% per year.

1.) Write an exponential function that models the value of the car, y, over x years.

2.) To the nearest cent, what will be the value of the car after eight years?

Answer 1

I found the value for number 2 and it took some time to like calculate but here it is
$15,250
1.)$14,106.25
2.)$13,048.2812
3.)$12,069.6601
4.)$11,164.4356
5.)$10,327.1029
6.)$9,552.57018
7.)$8,836.12742
8.)$8,173.42
The numbers are the years but the value of the car would be number 8