In 1923, a year-old Model T automobile was purchased for $750. In 1927, it was worth $450. (Note: t = 0 in 1922).
Find a function which gives the value of the car, V, as a function of y, the number of years after 1922, assuming the value of the car depreciated...
A) Linearly. (Write your answer in form and round values to 2 decimal places.)
B) Exponentially (Write your answer in form and round values to 2 decimal places.)

Question

In 1923, a year-old Model T automobile was purchased for $750. In 1927, it was worth $450. (Note: t = 0 in 1922).
Find a function which gives the value of the car, V, as a function of y, the number of years after 1922, assuming the value of the car depreciated...
A) Linearly. (Write your answer in form and round values to 2 decimal places.) 
B) Exponentially (Write your answer in form and round values to 2 decimal places.)

Quizplus · Accepted Answer

The Answer of In 1923, a year-old Model T automobile was purchased for $750. In 1927, it was worth $450. (Note: t = 0 in 1922).
Find a function which gives the value of the car, V, as a function of y, the number of years after 1922, assuming the value of the car depreciated...
A) Linearly. (Write your answer in form and round values to 2 decimal places.) 
B) Exponentially (Write your answer in form and round values to 2 decimal places.)

In 1923, a Year-Old Model T Automobile Was Purchased for $750