The value of a brand new car is $30, 000 and the value depreciates 15% every year. Write a function to represent the value of the car after t years, where the quarterly rate of change can be found...

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The value of a brand new car is $30, 000 and<br>the value depreciates 15% every year. Write a<br>function to represent the value of the car after t<br>years, where the quarterly rate of change can<br>be found from a constant in the function.<br>Round all coefficients in the function to four<br>decimal places. Also, determine the percentage<br>rate of change per quarter, to the nearest<br>hundredth of a percent.<br>

Extracted text: The value of a brand new car is $30, 000 and the value depreciates 15% every year. Write a function to represent the value of the car after t years, where the quarterly rate of change can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of change per quarter, to the nearest hundredth of a percent.

Jun 07, 2022
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