A new car costs $28,500 and depreciates each year. The table below shows the years that the car has been used and the value of the car.
Years used
Price in dollars
0
28,500
1
22,500
2
18,000
3
14,500
4
11,700
5
9,400
Which exponential function represents the value of the car, y, after t years of use?
F v 28,500(1.15)
G = 24.8457(0.852)
HY = 28,212.1 (0.8)
J
28,000(0.98)