Answer:
A) 1: exponential; 2: linear
B) 1: f(x) = 45000·0.9^x; 2: f(x) = -3000x+45000
C) The difference is significant. 1: $11,348; 2: $6,000
Step-by-step explanation:
The values for Car 1 have a common ratio of 40500/45000 = 0.9. An exponential function is used to describe a sequence where the terms have a common ratio.
The values for Car 2 have a common difference of 42000-45000 = -3000. A linear function is used to describe a sequence where the terms have a common difference.
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An exponential function can be written as ...
f(x) = (initial value)·(common ratio)^x
A linear function can be written as ...
f(x) = (common difference)x + (initial value)
The functions are ...
Car 1: f(x) = 45000·0.9^x
Car 2: f(x) = -3000x +45000
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The formulas for the different car values after 13 years give ...
Car 1: f(13) = 45000·0.9^13 ≈ 11,348
Car 2: f(13) = -3000(13) +45000 = 6,000
The value of Car 1 will be almost double the value of Car 2 after 13 years. Yes the difference in value is significant.