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The dollar value v(t) of a certain car model that is t years old is given by the following exponential function

v(t)=25,900(0.95)^2

 

Find the initial value of the car and the value after 13 years

Round your answers if the nearest dollar as necessary. 
 

 Oct 30, 2018
 #1
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I will assume the equation is    v(t) = $ 25900 (.095)^t   

 

The initial value of the car is at t= 0

   25900 (.95)^0 = $25900

when t=13 yrs    25900 (.95)^13 = $ 13295.56~ $13296.

 Oct 30, 2018

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