Mathematics, 14.04.2021 16:00 glori1647

A car is purchased for $30,000. The value of the car depreciates annually so that it is $24,000 after 1 year, $19,200 after 2 years, and $15,360 after 3 years. Why can this situation be modeled using an exponential function? The value of the car depreciates annually by 20%.
The value of the car depreciates annually by 80%.
The value of the car depreciates annually by $6,000.
The value of the car depreciates annually by $4,800.

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A car is purchased for $30,000. The value of the car depreciates annually so that it is $24,000 afte...

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