Jason bought a new truck at $25,000. The truck depreciates 15% of its value continuously each year. How much is it worth after 5 years? Round the answer to nearest dollar.

A = $11093

Step-by-step explanation:

Given the following data;

Principal = $25,000

Rate = 15% = 15/100 = 0.15

Time, t = 5

To find the future value, we would use the compound interest formula;

Where;

Substituting into the equation, we have;

r = -0.15 because it's depreciating.

A = 11092.63 ≈ $11093

Therefore, the future value, A after 5 years is $11093.

step-by-step explanation:

if you meant, "on the way from (3, 2) to (3, 14):

x does not change; y increases by 12.

ensure that you have copied down this problem correctly.   .

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step-by-step explanation: