A new car that sells for $19,000 depreciates (decreases in value) 21% each year. What is the decay factor, b? 0.79 0.21 79 21
Answers
Answer 1
Answer:
Answer: 0.79
Step-by-step explanation:
Given: The cost price of car = $19,000
The rate of depreciation = 21 % = 0.02
The exponential decay equation (depreciation) is given by :-
, where A is the initial amount and b is the decay factor for x years such that
, where r is the rate of decay.
If we substitute the value of r , we get
The decay factor =
Answer 2
Answer:
The decay factor is 0.21 ((:
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