June 2019 Paper 1 Q7

EdexcelCurrent spec7 marksLogs & ExponentialsModelling

7. In a simple model, the value, £\(V\), of a car depends on its age, \(t\), in years.

The following information is available for car \(A\)

  • its value when new is £20 000
  • its value after one year is £16 000
(a) Use an exponential model to form, for car \(A\), a possible equation linking \(V\) with \(t\). (4)

The value of car \(A\) is monitored over a 10-year period.
Its value after 10 years is £2 000

(b) Evaluate the reliability of your model in light of this information. (2)

The following information is available for car \(B\)

  • it has the same value, when new, as car \(A\)
  • its value depreciates more slowly than that of car \(A\)
(c) Explain how you would adapt the equation found in (a) so that it could be used to model the value of car \(B\). (1)