Question

The value of a used vehicle a few years after purchase is given by the equation:




y=3000(1−0.06)^2


What does the 3000 represent in the exponential equation?

A.
base

B.
rate

C.
initial value

Answer 1

In the equation \( y = 3000(1 - 0.06)^2 \), the value \( 3000 \) represents the initial value of the used vehicle.

So the correct answer is:

C. initial value