Example 3

Sajeena paid [math]$20,000[/math] for a new car in April 2004. The car was worth [math]$6,000[/math] in April 2012. Assuming a constant annual rate of decrease in value, what was the annual rate of decrease? What was the value of the car in April 2009? What is the predicted value of the car for April 2018?

 

Walch Education

 
Material Type
Activity
Tags
exponential  decay  model  rate  of  decrease  car  value 
Target Group (Age)
14 – 18
Language
English
 
 
GeoGebra version
4.4
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