Dan buys a car for £2,200 it depreciates at a rate of 0.5% per year how much would it be worth in 6 years ​

Given:

The initial value of car = £2,200

Depreciation rate = 0.5%

To find:

The worth of car after 6 years.

Solution:

Exponential decay model:

Where, a is the initial value, r is the rate of depreciation and t is number of years.

Putting a=2200, r=0.005 and t=6, we get

Therefore, the worth of the car after 6 years is £2134.82.

  the correct choice is marked

step-by-step explanation:

the first two graphs show multiple turning points. the last graphs matches the description in every detail.