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Name:
Modeling Exponential Functions 5
A
B
C
D
1
An equation to represent the value of a car after
t
months of ownership is
. Which statement is
not
correct?
a)
The car lost approximately 19% of its value each month.
c)
The value of the car when it was purchased was $32,000.
b)
The car maintained approximately 98% of its value each month.
d)
The value of the car 1 year after it was purchased was $25,920.
