Applications: Exponential functions and logarithms
Exponential functions and logarithms
An employee at the company XYZ receives a brand new company car as part of their employment benefits package. Consider the following function that tracks the value of the car, as it decreases over time.
The value #V(t)# is measured in euros as a function of time #t#, which is measured in years and can be a decimal number.
\[ V(t) = 49900 \cdot {(1-0.19)^t} \]
If the company will own this car for #3# years, what is the range of the car's value in euros? Round your answer to the nearest integer.
The range of the car's value in euros is given by the interval
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