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Algebra
Question

The equation \( V = 17900 ( 0.94 ) ^ { t } \) repr...

The equation \( V = 17900 ( 0.94 ) ^ { t } \) represents the value (in dollars) of a car \( t \) years after its purchase. Use this equation to complete the statements below. 

1.The value of this car is ________(increasing/decreasing)at a rate of _______.

2. The purchase price of the car was _______.

Answer

1. The value of the car is decreasing at the rate of 6%

2. Purchase Price = 17900

Solution
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