Depreciation refers to when the value of something goes down over time. Jack and Trisha bought a new car for £8500 in 2009. In the first year, its value depreciated by 20%, in the second year by 15% ...
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This is an example of an exponential graph in the form \(y = k^x\). Graphs in the form of \(y = k^x\) increase in value.
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