For this case we have an exponential function of the form:
\(y = A (b) ^ x\)
Where,
- A: original cost
- b: rate of change
- x: number of years
Therefore, replacing values we have:
\(y = 25000 * (0.92) ^ 7\\y = 13946\)
Answer:
the value, after 7 years, of a 2014 Ford Mustang is:
\(y = 13946\)
