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The value of a car that depreciates over time can be modeled by the function V(t)=24000(0.85)t+2. Write an equivalent function of the form V(t)=abt.
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V(t)=17340(0.85)t is the equivalent function of the form V(t)=abt.

Steps

Step 1 :The given function is V(t)=24000(0.85)t+2. We are asked to rewrite this function in the form V(t)=abt.

Step 2 :To do this, we can use the properties of exponents, specifically the rule that states am+n=aman.

Step 3 :Applying this rule, we can rewrite (0.85)t+2 as (0.85)t(0.85)2.

Step 4 :Then, we calculate the value of (0.85)2 and multiply it with 24000 to get the value of a. The base b will remain as 0.85.

Step 5 :After calculating, we get a=17339.999999999996 and b=0.85.

Step 6 :Rounding a to the nearest whole number, we get a=17340.

Step 7 :V(t)=17340(0.85)t is the equivalent function of the form V(t)=abt.

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