In 2007, there were more than 8.14 million cars for sale. The number of cars then decreased by 23% per year. Write an exponential growth or decay model given by the number of c cars over t years after 2007. Use this model to estimate how many cars there were in 2013?

In 2013 there were approximately 2.2 million cars for sale.

Step-by-step explanation:

Since the number of cars is decreasing by 23% per year, it is a decay model. This types of decay can be expressed in the following expression:

Where x is the year, cars(2007) is the number of cars in 2007. Applying this data we have:

If we want to know the number of cars in 2013, we need to apply that value to x and solve the expression.

In 2013 there were approximately 2.2 million cars for sale.

none.

step-by-step explanation:

m

1

=

5

m1=5

b

=

−

1

b=-1

find the slope and y-intercept of the second equation.

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m

2

=

0

m2=0

b

=

−

6

b=-6

compare the slopes

m

m of the two equations.

m

1

=

5

,

m

2

=

0

m1=5,m2=0

compare the two slopes in the decimal form. if the slopes are equal, then the lines are parallel. if the slopes are not equal, then the lines are not parallel.

m

1

=

5

,

m

2

=

0

m1=5,m2=0

$3,200 x 7.25% = $3,200 x .0725 = $232 interest monthly

$232 monthly x 12 annual = $2, 784

step-by-step explanation: