Ian bought a new truck for 35,000 in 2015 each year the value of the truck depreciates by 9% right and use an exponential growth function to find the value of his truck at the end of 60 month loan

$2184.11

Step-by-step explanation:

we know that y=ab^x

y= amount a=initial number b= the percentage it depreciates and x=time

we are looking for y and the initial number is the amount of the truck which is 3500

now since it depreciating by 9% you will always go 1-0.09 if it was increasing then you would go 1+0.09 but its not.

and lastly x is 60 months but since we want it in years because it depreciates yearly you will go 60/12 which is 5

the equation comes out to 3500(0.91)^5 and put that into your calculator

y= $2184.11

hope this helped

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step-by-step explanation: