7. the value of a car is \( \$ 26,500 \). It loses \( 13 \% \) of its value every year. Whion of the following functions models this situction A. \( 1=26,500(15)^{+} \) \( B . y=26,500(0.13)^{+} \) \( C .4=26,500(1.13)^{+} \) \( D \cdot y=26,500(0.87)^{+} \)
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The Deep Dive
The correct function that models the situation of a car losing 13% of its value every year is given by \( D: y = 26,500(0.87)^{x} \). This makes sense because after losing 13% of its value, the car retains 87% of what it was worth, hence the factor of 0.87. In this scenario, \( x \) represents the number of years that have passed, and as \( x \) increases, the value of the car converges towards zero, reflecting the reality of depreciation. It’s a classic example of exponential decay—a car's value decreases over time, and this mathematical model can help you estimate its worth in future years!