The value of a brand new car is $28,000 and the value depreciates 15% every year. Write a function to represent the
value of the car after t years, where the quarterly rate of
change can be found from a constant in the function. Round all
coefficients in the function to four decimal places. Also,
determine the percentage rate of change per quarter, to the
nearest hundredth of a percent.
Function: f(t)
Growth
V
% increase per quarter