Mathematics, 08.06.2021 15:00, alyssamaize
A new car is purchased for 18,000 dollars. The value of the car depreciates at 11.5% per year. What will the value of the car be, to the nearest cent, after 10 years?
Answers: 3
where b, the rate of decay, for us is (1 - .115) and a is the original value of the car which, for us, is 18000. t is the time in years. Using this information to write the equation we need to solve for the value when the car is 10 years old:
and we sub in 10 for t:
which simplifies to
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A new car is purchased for 18,000 dollars. The value of the car depreciates at 11.5% per year. What...
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