The function of the brand new smartphone is an exponential function
The function that models the value of the phone x years after its puchase is f(x) = 1200(0.867)^x
The given parameters are:
Initial value (a) = $1200
Rate (r) = 13.3%
An exponential function that represents a decrement in value is illustrated using:
[tex]f(x) = a(1 - r)^x[/tex]
Substitute known values
[tex]f(x) = 1200(1 - 13.3\%)^x[/tex]
Evaluate the difference
[tex]f(x) = 1200(0.867)^x[/tex]
Hence, the function that models the value of the phone x years after its puchase is f(x) = 1200(0.867)^x
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