4. Exponential Depreciation
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Last updated over 1 year ago
8 questions
1
Draw a quick sketch of both a linear depreciating line and an exponentially depreciating line
Draw a quick sketch of both a linear depreciating line and an exponentially depreciating line
1
If a vehicle depreciates by the same __________ every year, then it is an exponential model.
If a vehicle depreciates by the same __________ every year, then it is an exponential model.
1
Predict the value of a 20 year old Audi whose initial value was $59,000 and the depreciation rate is 15%.
Draw it out or upload a screenshot of your Desmos calculator
Predict the value of a 20 year old Audi whose initial value was $59,000 and the depreciation rate is 15%.
Draw it out or upload a screenshot of your Desmos calculator
1
How much will a $22,000 vehicle be worth after a year if it depreciates by 20% within the first year?
How much will a $22,000 vehicle be worth after a year if it depreciates by 20% within the first year?
1
A Toyota Corolla has a low depreciation rate, followed by even lower depreciation rates. Within the first year of a Corollas’s lifespan, the vehicle is known to have a 10% depreciation rate. After the first year, the vehicle has a 8% depreciation rate. If the vehicle's initial value is $19,000, what is the predicted value after 6 years?
A Toyota Corolla has a low depreciation rate, followed by even lower depreciation rates. Within the first year of a Corollas’s lifespan, the vehicle is known to have a 10% depreciation rate. After the first year, the vehicle has a 8% depreciation rate. If the vehicle's initial value is $19,000, what is the predicted value after 6 years?
1
A Nissan Leaf has a very high initial depreciation rate, followed by moderate depreciation rates. Within the first year of a Leaf's lifespan, the vehicle is known to have a 25% depreciation rate. After the first year, the vehicle has a 12% depreciation rate. If the vehicle's initial value is $31,000, what is the predicted value after 10 years?
A Nissan Leaf has a very high initial depreciation rate, followed by moderate depreciation rates. Within the first year of a Leaf's lifespan, the vehicle is known to have a 25% depreciation rate. After the first year, the vehicle has a 12% depreciation rate. If the vehicle's initial value is $31,000, what is the predicted value after 10 years?
1
A Toyota Tacoma has a very low depreciation rate, followed by even lower depreciation rates. Within the first year of a Tacoma's lifespan, the vehicle is known to have a 8% depreciation rate. After the first year, the vehicle has a 6% depreciation rate. If the vehicle's initial value is $44,000 , what is the predicted value after 3 years?
A Toyota Tacoma has a very low depreciation rate, followed by even lower depreciation rates. Within the first year of a Tacoma's lifespan, the vehicle is known to have a 8% depreciation rate. After the first year, the vehicle has a 6% depreciation rate. If the vehicle's initial value is $44,000 , what is the predicted value after 3 years?
1
Does it make more sense to use a linear function or an exponential function to model the depreciation of a vehicle. Explain your answer
Does it make more sense to use a linear function or an exponential function to model the depreciation of a vehicle. Explain your answer