The correct function that models the situation is: y = 26,500 * (0.87) ^ t
This function takes the initial value of the car ($26,500) and then multiplies it by 0.87 (100% - 13%) raised to the power of t, which represents the number of years that have passed. This will result in the value of the car decreasing by 13% each year.
The value of a car is $26,500. It loses 13% of its value every year. Which of the following functions models the situation?
y = 26, 500 * (1.13) ^ t
y = 26, 500 * (0.87) ^ t
y = 26, 500 * (1.87) ^ t
y = 26, 5000(0.13)(t)
1 answer