Only the first equation gives results that match the table of values.
... f(t) = 29800·0.89^t
Answer:
A) f(t) = 29,800(0.89)^t
Step-by-step explanation:
The truck value decreases by 11% each year.
The present value of the truck was $29,800.
29,800 x 0.11 = 3,728 dollars lost from value.
29,800 - 3,728 = 26,522, the value of the truck after one year.
26,522 x 0.11 = 2,917.42 cash lost from value.
26,522 - 3,728 = 23,604.58, the value of the truck after two years.
Therefore, the answer is A) f(t) = 29,800(0.89)^t.
