Question

You bought a used truck for $15,000. The value of the truck will
decrease each year because of depreciation. The truck depreciates at the rate of 8% per year. Write an exponential decay model to represent the real-life problem.

Answer 1

Answer:

$15000 \times {0.92}^{x} = y$

x is the number of years and y is the value at x years

Answer 2

The exponential decay model to represent the real-life problem should be considered as the $15000 \times 0.92^{x} = y$.

Calculation of the exponential decay model:

Since the purchase value of the truck is $15,000

The depreciation rate is 8%

So here exponential decay model should be like

$15000 \times 0.92^{x} = y$

Hence, The exponential decay model to represent the real-life problem should be considered as the $15000 \times 0.92^{x} = y$.

Learn more about model here: https://brainly.com/question/24280482