In 2001, a car was purchased for $27,000. Each year since, the resale value has decreased by 26%. Let t be the number of years since 2001. Let y be the value of the car, in dollars. Write an exponential function showing the relationship between y and t.

Ask your question to the AI advisor

Ai-bot is an expert in any field and is the perfect companion for reliable and useful answers and advice on a variety of topics, including science, history, technology, art, sports, health, culture and more.