You bought a used truck for $15,000. The value will depreciate yearly by 15%. Classify the model as exponential growth or decay.

Question

You bought a used truck for $15,000. The value will depreciate yearly by 15%.
Classify the model as exponential growth or decay.
Identify the growth or decay factor, and give the growth or decay rate.

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Gabriella 3 weeks 2021-11-07T06:54:36+00:00 1 Answer 0 views 0

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    2021-11-07T06:55:39+00:00

    Answer:

    Decay,

    Factor: 0.85

    Decay rate: 15%

    Step-by-step explanation:

    Every year net value reduces by 15% which means it’s 100-15 = 85% of the previous year

    85% = 0.85

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