Question

Jacob bought a new car for $20,000. Three years later he sells it for $12,000 to buy a new one. A) Create a linear model for this data where P is the price of the car and t number of years since Jacob bought the car. B) Create an exponential model for this data where P is the price of the car and t is the number of years since Jacob bought the car. C) If Jacob waited until 6 years after he bought the car, then he would have only sold it for $6,500. Which model gives a better prediction for the amount you can sell Jacob's car after t years?

Answer 1