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A car was purchased for $5,895 and will depreciate 22% each year. Two functions are given below to determine the value of the car after
A car was purchased for $5,895 and will depreciate 22% each year. Two functions are given below to determine the value of the car after t years. Vis the value of the car after t years. C is the original cost of the car and r is the rate of depreciation function #1) V(t)-C(1-rt) function #2) V(t)-C(1-r)' A. Graph the two functions on separate Cartesian planes showing the value of the car for the first five years and Label the graphs properly and completely. According to each function, how much is the car worth after five years? Write a brief paragraph or two interpreting the graphs by explaining what they mean and describing the trends shown in the graphs. Analyze the graphs and argue for which graph is more realistic for understanding depreciation. Write a brief paragraph or two as to which graph and data are more realistic for this situation. Make sure you explain why the other answer makes less sense and what assumption(s) a person might be making, consciously or unconsciously, if they chose the other. B. C. A car was purchased for $5,895 and will depreciate 22% each year. Two functions are given below to determine the value of the car after t years. Vis the value of the car after t years. C is the original cost of the car and r is the rate of depreciation function #1) V(t)-C(1-rt) function #2) V(t)-C(1-r)' A. Graph the two functions on separate Cartesian planes showing the value of the car for the first five years and Label the graphs properly and completely. According to each function, how much is the car worth after five years? Write a brief paragraph or two interpreting the graphs by explaining what they mean and describing the trends shown in the graphs. Analyze the graphs and argue for which graph is more realistic for understanding depreciation. Write a brief paragraph or two as to which graph and data are more realistic for this situation. Make sure you explain why the other answer makes less sense and what assumption(s) a person might be making, consciously or unconsciously, if they chose the other. B. C
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