Mathematics for IGCSE & O level - Graphs Of Functions (Section 2 - No. 23)
In the formula for Zari's car value, V = 5000 * 0.85^t, what does 0.85 represent?
The initial value of the car
The rate of depreciation
The time in years
The percentage of value increase
Explanation
0.85 represents the factor by which the car's value decreases each year.
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