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Pavlova-9 [17]
2 years ago
6

5. Please answer the question on exponential growth or decay. Round to

Mathematics
1 answer:
Anon25 [30]2 years ago
8 0

The value of this car when it is 9 years old is equal to $16,757.00.

<h3>How to calculate the value?</h3>

In order to determine the value of this car when it is 9 years old, we would use an exponential function which also relates to compound interest as follows:

A = P(1 - r)^t

Substituting the given parameters into the formula, we have;

A = 32,200(1 - 0.07)^9

A = 32,200(0.93)^9

A = 32,200 × 0.5204

A = $16,757.00.

Read more on exponential functions here: brainly.com/question/27866047

#SPJ1

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