Can you solve it and do it step by step and put what formula it using as well.

[5] 4. A car was valued at $24,000 in the year 2006. The value depreciated to $20,000 by the year 2009. Assume that the car value continues to drop by the same percentage. What was the value in the year 2014? Explain. [5] 5. Find a formula for the function graphed as a transformation of f(:1.') = 2'. Explain