Table 3.23 shows the depreciation in the value of two models of car. (a) Assuming that the
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Table 3.23 shows the depreciation in the value of two models of car.(a) Assuming that the depreciation of Car A is linear, estimate its value in Year 3.
(b) Assuming that the depreciation of Car B is exponential, estimate its value in Year 3.
(c) Predict when Car A will be worth less than Car B.
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Table 3.23 Year 2 Year Year 1 Car A 36 000 32 000 Car B 32 000 28 800
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a The value goes down by 4 000 a year so in Year 3 the value would ...View the full answer
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