MaxwelV373491 MaxwelV373491

28-10-2022
Mathematics

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Which best description is represented by the function y = 10,000 (.35)^t

Which best description is represented by the function y 10000 35t class=

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AsonR767388 AsonR767388

28-10-2022

We know that the interest formula is given as:

[tex]y=P(1+r)^t[/tex]

in this case we have that P is 10000, and; in order to have a 0.35 inside the parenthesis we need that r=-0.65. This means that the value of the car decreases by 65%.

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