Question

Gina buys a car for $13,500. The value is expected to depreciate by 15% per year.
Write an exponential function to model the value of the car. When will the value
fall below $3000?

Answer 1

Answer:

the value will fall below $3000 in the 7 th year because :

Step-by-step explanation:

15% of 13500 is 2025

On subtracting 2025 from 13500 every time we can see that the value keeps dropping.

So, we will get $3375 in year 6 and in year 7 we will get $1350 by subtracting 2025 from 3375.

Hence we will get 1350 at the 7th year.