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You bought a used truck for $15,000. The value will depreciate yearly by 15%.
Classify the model as exponential growth or decay.
Identify the growth or decay factor, and give the growth or decay rate.

Answer :

amna04352

Answer:

Decay,

Factor: 0.85

Decay rate: 15%

Step-by-step explanation:

Every year net value reduces by 15% which means it's 100-15 = 85% of the previous year

85% = 0.85

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