Answer:
$4742.10
Step-by-step explanation:
Exponential depreciation formula :-
, where y is the value of good after t years , r is rate of depreciation and A is the initial value.
Given : A= $20800 ; r=10.75%=0.1075
The equation models this situation:
Then, the value of car after t=13 years :-
Hence, the value of car after 13 years = $4742.10
