The value of a car is modelled by the formula V = 20 000 e t/12 where

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The value of a car is modelled by the formula V = 20 000 e−t/12 where V is the value in £s and t is its age in years from new.

a. State its value when new.

b. Find its value (to the nearest £) after 4 years.

c. Sketch the graph of V against t.

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