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Intermediate Algebra – Student Workbook – Second Edition 2013

Intermediate Algebra – Student Workbook – Second Edition 2013

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Lesson 3b <strong>–</strong> More Exponential Functions<br />

Practice Problems<br />

7. In the following problem, you will be analyzing the depreciation of two cars.<br />

You can buy a Honda Civic for $20,000 or a BMW for $30,000. The depreciation rate for<br />

the Civic is 6% per year. The depreciation rate for the BMW is 10% per year.<br />

a) Determine the equation that models the depreciation of the Civic. Clearly indicate what<br />

each variable represents.<br />

b) Determine the equation that models the depreciation of the BMW. Clearly indicate what<br />

each variable represents.<br />

c) When would the Honda be worth half its original price?<br />

d) When would the BMW be worth half its original price?<br />

e) When would the value of both cars be equal?<br />

Scottsdale Community College Page 136 <strong>Intermediate</strong> <strong>Algebra</strong>

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