3 Exponential decrease
Consider the value, , of a car subject to depreciation, in terms of the age years of the car. The car was bought for . The function
could be considered appropriate on the ground that
-
had a fixed value of
when
= 0,
- decreases as increases and
-
decreases faster when
is small than when
is large. A plot of this function is shown in Figure 8.
Figure 8 :
Task!
Produce the linearised model of .
so