I need help with this, I can figure it out until c), I did not know what or how to use that function also, e) asks for depreciation rate, which is hard to find, even if I find one is not going to be constant through out the years.
Chapter 5: Depreciation of a New Car
YEAR(t) VALUE(A) 0 53,330 1 2 3 4 5
(a)
independent variable and value (A) as the dependent variable. (b) Find the exponential function of best fit. rt (c) Express this function in the form A = A e 0
(d) What is the value of A ? Compare this value to the purchase price of the
vehicle. (e) What is the value of r,the depreciation rate? (f) Compare your value of r to others in your class. Which car has the lowest rate of depreciation? The highest? (g) new car purchase?