Kwame bought a car for $25,000. The value of the car is decreasing at a rate of 6.5% each year. Write a function that represents the price P of the car after x years. Note: use parentheses around the rate

Solution:

The decreasing function is given as:

Where,

y is future value

a is initial value

r is decreasing rate in decimal

t is time period

From given,

a = 25000

number of years = x

future value = P

Therefore,

Thus the function is found

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