Question: Use what you know about writing exponential functions with percent growth or decay to complete the following problems. 1. Farid makes a $12,000 investment

Use what you know about writing exponential functions with percent growth or

Use what you know about writing exponential functions with percent growth or decay to complete the following problems. 1. Farid makes a $12,000 investment that yields an average yearly return of 4%. If he makes no additional investments, how much will his investment be worth in 15 years? 2. You purchase a car for $36,000. You did some research and found that this particular model of car depreciates in value by around 15% per year. What is the value of your car after 6 years?

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