Mathematics, 07.06.2021 21:00, dprajapati832000
In the year 2006, a person bought a new car for $18000. For each consecutive year after that, the value of the car depreciated by 15%. How much would the car be worth in the year 2009, to the nearest hundred dollars? Please i need answer now
Answers: 1
where a is the initial value of the car, b is the rate of decay, and t is the time in years. For us, a = 18000, b = (1 - .15), so the model for this car is:
We can use this model now to find the value, v(t), of the car after 3 years has gone by (from 2006 to 2009 is 3 years):
and simplifying a bit:
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In the year 2006, a person bought a new car for $18000. For each consecutive year after that, the va...
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