Math Problem Statement

The value V of a certain automobile that is t years old can be modeled by

Upper V left parenthesis t right parenthesis equals 14 comma 580 left parenthesis 0.79 right parenthesis Superscript tV(t)=14,580(0.79)t.

According to the​ model, when will the car be worth each of the following​ amounts?

​(a)

​$70007000

​(b)

​$50005000

​(c)

​$4000

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Decay
Algebra
Logarithms

Formulas

V(t) = 14,580(0.79)^t
t = ln(V/14,580) / ln(0.79)

Theorems

Logarithmic Decay

Suitable Grade Level

Grades 9-12