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A new truck that sells for $29,000 depreciates (decreases in value) 12% each year. Which function mo...
4 months ago
Q:
A new truck that sells for $29,000 depreciates (decreases in value) 12% each year. Which function models the value of the truck?
Accepted Solution
A:
for depreciation the formula is:y = years value = 29000*(1-0.12)^yvalue = 29000*0.88^y