Question

A new truck that sells for $29,000 depreciates 12% each year.
Write a function that models the value of the truck.

Answer 1

Answer and Step-by-step explanation:

f(x) = $29,000(0.88)^{x}$

Where x is time in years and f(x) is the amount of money the truck is worth each year.

We get 0.88 by subtracting 0.12 (aka 12%) from 1.00.

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