Mrs Galicia bought a new car for $18,000. This car will depreciate at a rate of 9% per year. Which equation represents this function in

Question

Mrs Galicia bought a new car for $18,000. This car will depreciate at a rate of 9% per year. Which
equation represents this function in terms of x, time.
(f) = 18000(-91)^x
(f) = 18000(9)^x
(f) = 180000.09)^x
(f) = 18000(1.09)^x​

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Remi 2 months 2021-10-12T04:50:16+00:00 1 Answer 0 views 0

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    2021-10-12T04:52:11+00:00

    The correct equation is (f) = 18,000 (0.91)^x. This is due to the fact that the price of the car will depreciate (or decrease) at a rate of 9% per year. The decimal number can be calculated by subtracting 0.09 from 1 (in this case, that the car’s price is decreasing) or by adding 0.09 from 1 (if the car price is increasing, in which it isn’t in this scenario.)

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