Edexcel Mathematics June 2018 · Paper 1 · Question 12 · ExamRizz

ExamRizzEdexcel MathematicsMathematics

June 2018 · Paper 1 · Question 12 · 10 marks

12. The value, £V, of a vintage car t years after it was first valued on 1st January 2001, is modelled by the equation V = Ap t where A and p are constants Given that the value of the car was £32 000 on 1st January 2005 and £50 000 on 1st January 2012 (a) (i) find p to 4 decimal places, (ii) show that A is approximately 24 800 (4) (b) With reference to the model, interpret (i) the value of the constant A, (ii) the value of the constant p. (2) Using the model, (c) find the year during which the value of the car first exceeds £100 000 (4) 35 36 37