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A car was purchased for$28,000.Each year since, the resale value has decreased by 29%. Let t be the number of years since the purchase. Let

A car was purchased for$28,000.Each year since, the resale value has decreased by

29%. Lettbe the number of years since the purchase. Letybe the resale value of the car, in dollars.

Compose an exponential function showing the relationship betweenyandt.

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