Hailey purchased a new car in 2000 for $29,600. The value of the car has been depreciating exponentially at a constant rate. If the value of the car was $12,000 in the year 2007, then what would be the predicted value of the car in the year 2012, to the nearest dollar?

Answers

Answer 1
Answer:   $6297

=========================================================

Explanation:

x = number of years since the year 2000

eg: x = 1 represents the year 2001

y = value of the car in dollars

The point (x,y) = (0,29600) is on the curve and it's the y intercept. This is when Hailey bought the car with a value of $29600.

Another point on this curve is (7,12000) to indicate seven years have passed and the car is now worth $12000.

------------------------------

Since the y intercept is 29600, this is the value of 'a' in the equation

y = a*b^x

Meaning we can update it to

y = 29600*b^x

Plug in the coordinates of the other point so we can solve for b

y = 29600*b^x

12000 = 29600*b^7

12000/29600 = b^7

b^7 = 12000/29600

b^7 = 0.405405

b = (0.405405)^(1/7)

b = 0.878991 approximately

------------------------------

We found that

a = 29600b = 0.878991 approximately

So we go from

y = a*b^x

to

y = 29600*0.878991^x

To verify this, plugging x = 0 should lead to y = 29600

Also, plugging in x = 7 should lead to y = 12000 or very close to it.

------------------------------

The last step is to plug in x = 12 to find the car's value in 2012, i.e. x = 12 years after the year 2000.

So,

y = 29600*0.878991^x

y = 29600*0.878991^12

y = 6296.58182216087

y = 6297

The predicted car's value in 2007 is about $6297


Related Questions

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1, 3, 4, 7, 11, 12, 15

Answers

Answer:

7

Step-by-step explanation:

7 is the median because it has 3 numbers to each side so it is the median :)

Have a wonderful day!!

Please rate and mark brainliest!!

Answer:

7.57 rounded to the nearest hundredths

Step-by-step explanation:

1+3+4+7+11+12+15=53

53/7= 7.57 rounding to the nearest hundredths

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Answers

Answer:

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Step-by-step explanation:

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The answer for this question is c

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Answers

Answer:

56 feet

Step-by-step explanation:

75/25=3 feet

this is another side.

(3+25)x2+56 feets

Answer:

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Step-by-step explanation:

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Answers

the answer should be 192, because 62 times 3 plus six is 192!!

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Answers

Answer:

x-10 [tex]\geq[/tex] 91

Step-by-step explanation:

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The perimeter of a triangle is 50 feet. One side of the triangle is 4 times the second side. The third side is 14 feet longer than the second side. Find the length of each side.

Answers

Answer:

Step-by-step explanation:

I need the equation for 36÷3

Answers

Answer:

12

Step-by-step explanation:

12 x 3= 36 so 36 ÷ 3= 12

Factor the following polynomial completely.
0.3x^2 - 3.6x + 8.1

A) 0.3(x - 3)(x - 9)
B) 0.3(x - 3)(x + 9)
C) -0.3(x^2 + 12x + 27)
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Answers

Answer:

Step-by-step explanation:

hello :

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Answers

10% of 110 = 11
20%= 11 x 2 = 22
22
10% of 22 = 2.2
2.2 x 2 = 20% = 4.4
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4.4+ 1.1
=5.5 pieces of candy left

For triangle ABC, find the measure of ∠C if ∠A = 50° and ∠B = 60°.

Answers

Answer:

∠C is 70°

Step-by-step explanation:

50+60=110
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Which expression shows 5 + 5 + 5 + 5 as multiplication?
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5 × 4
5 × 5
5 × 10

Answers

Answer:

5 × 2= 10

5 × 4=20

5 × 5=25

5 × 10=50

5+5+5+5=20

there your answer

Step-by-step explanation:

you slow -_-

Answer : 5 x 4 (Option C)

Step-by-step explanation :  5 + 5 + 5 + 5 = 20

                                            By trial & error method, we get

                    5 x 2 = 10 ≠ 20

                    5 x 4 = 20

                    5 x 5 = 25 ≠ 20

                    5 x 10 = 50 ≠ 20

Hence 5 x 4 is the right answer

You can either follow the trial & error method or the following method !!

5 + 5 + 5 + 5 has ' 4 ' fives

Hence, 5 + 5 + 5 + 5 = 5 (since it is the no) x 4 (since it is the no of times 5 is repeating)

Hence 5 x 4 is the right answer

{ You are requested to mark me the brainliest, if you can }

What is the product of 5 1/2 and 3 3/4?
A 22 3/8
B 21 1/4
C 20 5/8
D 15 3/8

Answers

Step-by-step explanation:

I wrote it down with steps

I hope you benefit from me

Answer:

20 5/8

Step-by-step explanation:

WILL GIVE A LOT OF POINTS

Determine the intercepts of the line.
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Answers

Dang. Ask ur classmates

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Answers

Answer:

Step-by-step explanation:

(a) u³, 3x² + 2

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i will give brainliest

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Answer:

c=30

Step-by-step explanation:

Inverse: 22 + 8 = 30

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Answer:

c = 30

Step-by-step explanation:

Step 1: Add 8 to both sides.

[tex]c-8+8=22+8[/tex] [tex]c=30[/tex]

Step 2: Check if solution is correct.

[tex]30-8=22[/tex] [tex]22=22[/tex]

Therefore, the answer is c = 30.

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Answers

Answer:

i also confused and cant answer

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Answers

Answer:

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Answers

Answer:

$149x10+$143+3-9

Step-by-step explanation:

Use the model to help you find the product.

1
2
3
×
1
3


A model represents 1 and two-thirds.
Each big square is cut into 3 parts to represent multiplying by one-third.
The number of small shaded squares in the circled parts of each big square is the numerator of the product.
The total number of small squares in a single big square represents the denominator of the product.
The product is .

Answers

Answer: 5/9 is your answer.

Answer:

it is 5/9, yw

Step-by-step explanation:

100 POINTS
how much money would we have if we did only interest on this account in 11 years When kolton starts college?

Answers

Answer:

32,577.89

Step-by-step explanation:

used my calculator and just finished this module in school

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Evaluate the equation.

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Answers

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12.8 + c = 30.12

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Answers

Answer:

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Answers

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Answer:

3

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Answers

Answer:

m ≥ 9

Step-by-step explanation:

Given

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Answer:

M≥9

Step-by-step explanation:

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Answers

Answer:

12 in

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Answers

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unit long

Step-by-step explanation:

Bailey is multiplying 32 by 7. She says the answer will be greater than 32.
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Answers

Yes I agree

32×7 = 224 which is greater than 32.

Which ordered pairs are solutions to the equation 3x - 2y = 12 ? (hint: plug in the x and y values into the equation to see if it makes a true statement.) Group of answer choices (1,-4.5) (5,-1.5) (2,-3) (0,6) (-2,3) (-2,-9)

Answers

Answer:

1,-4.5

Step-by-step explanation:

Answer:

(-2,-9) is the answer

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The equation 4(x – 3)2 – 5 = 139 has two solutions: one positive and one negative. What is the
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7.

Answers

Answer:

Step-by-step explanation:

4(x-3)2-5 = 139

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x = -3.95

1. Which is greater than 4?

(a) 5,

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(c) -1/2,

(d) -25.

Answers

Answer:

a

Step-by-step explanation:

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