After becoming Prime Minister of Canada, Connor decided to buy a brand- new electric Lamborghini for $280,500. Every year, his car will depreciate (go down) in value by 14%. a) Create a model to show...


After becoming Prime Minister of Canada, Connor decided to buy a brand-<br>new electric Lamborghini for $280,500. Every year, his car will depreciate (go down) in<br>value by 14%.<br>a) Create a model to show the car's exponential decay.<br>b) Determine how much his car will be worth by the time the next election comes<br>around (Elections in Canada usually happen every 4 years). Remember to show all<br>your work.<br>(Part a) Exponential Model:<br>(Part b) How much will Connor's car be worth after 4 years?<br>

Extracted text: After becoming Prime Minister of Canada, Connor decided to buy a brand- new electric Lamborghini for $280,500. Every year, his car will depreciate (go down) in value by 14%. a) Create a model to show the car's exponential decay. b) Determine how much his car will be worth by the time the next election comes around (Elections in Canada usually happen every 4 years). Remember to show all your work. (Part a) Exponential Model: (Part b) How much will Connor's car be worth after 4 years?

Jun 05, 2022
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