You purchase a new car for $12,000 in 2013. After one year (in 2014), the dealership you purchased the car from says it is valued at $10,112.
a. Is this situation growth or decay?
b. What is the growth factor or decay factor? Round to three decimal places.
c. What is the percent change? Round to the nearest tenth of a percent.
%
d. Write a function to determine the value of the car V given the number of years t after
its purchase. V =
(
Dt
e. In what year will the car be worth about $3,500?
It