Using an exponential function, supposing that the value decays 10% a year, it is found that the current market value is $9,087.
A decaying exponential function is modeled by:
[tex]A(t) = A(0)(1 - r)^t[/tex]
In which:
In this problem, supposing a decay of 10% a year, and the original value of $13,850, the parameters are A(0) = 13850, r = 0.1.
Hence, the value of the car in 4 years is given by:
[tex]A(t) = A(0)(1 - r)^t[/tex]
[tex]A(4) = 13850(0.9)^4[/tex]
A(4) = 9087.
More can be learned about exponential functions at https://brainly.com/question/25537936
