A graphing calculator has determined this exponential regression equation based upon car value data: y = a*bx,

Question:

A graphing calculator has determined this exponential regression equation based upon car value data: y = a*bx, a = 18,547.23 and b = 0.8625. What is the rate of depreciation 4 for this car? How much is this car worth after 6 years, 78 months, and w months?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: