Jason estimates that his car loses 12% of its value every year. The initial value is 12,000. Which best describes the graph of the function that represents the value of the car after X years ?

1 Answer
Mr. Mike
Apr 26, 2018

The graph should describe exponential decay.

Explanation:

Every year, the car's value gets multiplied by 0.88, so the equation that gives the value, #y#, of the car after #x# years is

#y=12000(0.88)^x#

graph{12000(0.88)^x [-5, 20, -5000, 15000]}

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