Respuesta :
Answer:
- Exponential
- A(2)=$9109.10
Step-by-step explanation:
Since the value of the car decreases by a common factor each year, the decay is exponential.
An exponential decay function is of the form
[tex]A(t)=A_0(1-r)^t$ where:\\Initial Value, A_0=\$11,000\\$Decay Factor, r=9%=0.09[/tex]
Therefore, the function modeling the car's decay is:
[tex]A(t)=11000(1-0.09)^t[/tex]
We want to determine the car's value in two years.
When t=2
[tex]A(2)=11000(1-0.09)^2\\A(2)=\$9109.10[/tex]
The value of the car in 2 years will be A(t)=$9109.10
Final value of the car after 2 years will be $9109.10
Value of the car decay by 9%.
Since, 9% is a common factor by which the value of car is decreasing,
Therefore, decay will be exponential.
Expression for the exponential decay is given by,
[tex]P=P_0(1-\frac{r}{100} )^t[/tex]
Here, [tex]P=[/tex] Final price
[tex]P_0=[/tex] Initial price
[tex]r=[/tex] Rate of decay
[tex]t=[/tex] time
If initial price of the car [tex]P_0=11000[/tex], rate of decay [tex]r=0.09[/tex] and [tex]t=[/tex] Number of years
By substituting the values in the expression,
P = [tex]11000(1-0.09)^2[/tex]
= 11000(0.91)²
= $9109.10
Therefore, final value of the car after 2 years will be $9109.10
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