Amrita bought a new delivery van for $32,500. The value of this van depreciates at a rate of 12% each year. Write a function f(x) to model the value of the van after x years of ownership.

The function, f(x) to model the value of the van can be expressed as follows;

Step-by-step explanation:

From the question, we have;

The amount at which Amrita bought the new delivery van, PV = $32,500

The annual rate of depreciation of the van, r = -12% per year

The Future Value, f(x), of the van after x years of ownership can be given according to the following formula

Therefore, the function, f(x) to model the value of the van after 'x' years of ownership can be expressed as follows;

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step-by-step explanation:

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