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I need help with all of question 3 Lesson 4.6 1. Shan s new car sold for $28,000. Her online research indicates that the rat
I need help with all of question 3
Lesson 4.6 1. Shan s new car sold for $28,000. Her online research indicates that the rat a rate of 5.25% per year. write the exponential depreciation formula for car will depreciate Shannon's g 28,000 0525) 2. Lui year, sa pur chased a used car for D dollars. The car depreciates exponentially at a rate of E% per a) Write an expression for the value of the car in 5 years. b) Write an expression for the value of the car in A years. c) Write an expression for the value of the car in M months. 3. The historical prices of a car are recorded for 11 years as shown. Age Value ($) Age Value () 0 19,000 6 8,600 116,325 7 7.200 2 13,700 8 6,900 312,000 9 6,000 4 10,500 10 5,600 5 9,700 a) Determine the exponential depreciation equation that models this data. Round to the nearest hundredth. y#ia,coo (1-r) b) Determine the depreciation rate. Show your work. c) Predict the value of this car after years. Show your work Step by Step Solution
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