The general forms of the equations and a graph each function type are listed below.
b
We can model the value y of the car after x years by using an exponential function.
y=ab^xHere, a is the initial value and b is the constant multiplier. From the table, we see that the initial value is 18 500. Let's place it into the function.
y= ab^x ⇔ y= 18 500(b)^x
We can find b by substituting an ordered pair from the given table. Let's substitute (1,15 910).
