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

 
Resource Type
Activity
Tags
car  decay  decrease  exponential  exponential-function  model  of  rate  value 
Target Group (Age)
14 – 18
Language
English
 
 
GeoGebra version
4.4
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2499
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