C3 January 2013 Q8

8. The value of Bob’s car can be calculated from the formula

\[V = 17000\mathrm{e}^{-0.25t} + 2000\mathrm{e}^{-0.5t} + 500\]

where \(V\) is the value of the car in pounds (£) and \(t\) is the age in years.

(a) Find the value of the car when \(t = 0\) (1)
(b) Calculate the exact value of \(t\) when \(V = 9500\) (4)
(c) Find the rate at which the value of the car is decreasing at the instant when \(t = 8\).
Give your answer in pounds per year to the nearest pound. (4)