Mathematics, 19.12.2019 08:31, Karamatullah

Doug bought a new car for 25,
000. he estimates his car will depreciate, or lose of value, at a rate of 20% per year. the value of his car is molded by the equation v=p(1-r)^t, where v is the value of the car, p is the price paid, r is the annual rate of depreciation, and t is the number of years he had owned the car. according to the model, what will be the approximate value of his car after 4 1/2 years?

Answers: 2

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Doug bought a new car for 25,
000. he estimates his car will depreciate, or lose of value, at...