OCR MEI C3 2007 January — Question 3

Exam BoardOCR MEI
ModuleC3 (Core Mathematics 3)
Year2007
SessionJanuary
TopicExponential Functions

3 The value \(\pounds V\) of a car is modelled by the equation \(V = A \mathrm { e } ^ { - k t }\), where \(t\) is the age of the car in years and \(A\) and \(k\) are constants. Its value when new is \(\pounds 10000\), and after 3 years its value is \(\pounds 6000\).
  1. Find the values of \(A\) and \(k\).
  2. Find the age of the car when its value is \(\pounds 2000\).