Terrence buys a new car for $20,000. The value of the car depreciates by 15% each year. If f(x) represents the value of the car after x years, which function represents the car’s value?

Question

Revolt · Accepted Answer

f(x) = 20,000(0.85)x

Linear Growth vs. Exponential Growth

Terrence buys a new car for $20,000. The value of the car depreciates by 15% each year. If f(x) represents the value of the car after x years, which function represents the car’s value?

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