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Part 1

State whether the decay is linear or exponential, and answer the associated question.

The value of a car is decreasing by

8%

per year. If the car is worth

$9,000

today, what will it be worth in two years?

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Part 1

State whether the decay is linear or exponential.

The decay is

exponential

linear

since the quantity decreases by the same

relative

absolute

amount.

Part 2

What will the car be worth in two years?

$enter your response here

(Round to the nearest cent as needed.)