The value of a car is modelled using the formula V=17100e−0.2t+2000V = 17100e^{-0.2t} + 2000V=17100e−0.2t+2000
Find the initial value of the car.
Given the model predicts that the value of the car is decreasing at a rate of £1000 per year at the instant when t=Tt = Tt=T, (i) Show that 3420e−0.2T=10003420e^{-0.2T} = 10003420e−0.2T=1000 and (ii) find the age of the car at this instant, giving your answer in years and months to the nearest month.
77 exam-style questions on CCEA A Level Maths 1.5 Exponentials and logarithms, covering 1.5.1 Exponentials and logarithms, 1.5.2 Exponentials and logarithms, 1.5.3 Exponentials and logarithms, 1.5.4 Exponentials and logarithms, 1.5.5 Exponentials and logarithms, 1.5.6 Exponentials and logarithms, 1.5.7 Exponentials and logarithms, and 1.5.8 Exponentials and logarithms. Each one has a worked solution and a mark scheme showing where the marks go.