Car value and functions.

Question

The function v(t)=24100(0.91)^t represents the value ( in dollars) of a car t years after its purchase. Use this function to complete the statement below.

the value of this car is (Increasing or decreasing) at the rate of ____ ( per year, per mile, dollars per year, dollars, years)

the purchase price of the car was _____ ( per year, per mile, dollars per year, dollars, years)

Answer 1

The value of this car is decreasing at the rate of 100% - 91% = 9% per year

The purchase price of the car was v(0) = $24100.