Mathematics, 29.01.2020 20:46 tayler6289

The function p(t) represents the value of a new car t years after it was manufactured.

p(t)=24,525(0.94)^t

what does the value 0.94 represent in this situation?

the value of the car increases by 94% each year.

the value of the car decreases by 94% each year.

the value of the car is 0.94 times the value of the car the previous year.

the initial value of the car is 0.94.

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The function p(t) represents the value of a new car t years after it was manufactured.

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