The worth of the car in 10 years is $1,831.67 using an exponential equation approach.
What is an exponential equation?
An exponential equation is the one with exponents such X^3(the 3 is the exponent)
The exponential equation required here is the one where the future value would be lower than current value because the car reduces in value year-in-year-out.
FV=PV*(1-r)^N
FV=future worth of the car
PV=today's value=$25,000
r=depreciation rate=-23%
N=number of years=10
The fact that r is negative means the car is depreciating not appreciating.
FV=$25,000*(1-23%)^10
FV=$1,831.67
Find further explanation on exponential equation below in the link:
brainly.com/question/11832081
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Answer:
to find the missing number, compare both sides of the equation. If the variable terms are the same and the constant terms are different, then the equation has no solutions.
Step-by-step explanation:
to find the missing number, compare both sides of the equation. If the variable terms are the same and the constant terms are different, then the equation has no solutions.
Answer:
3
Step-by-step explanation:
x = 3
Answer:
Step-by-step explanation:
Here's what you write:
5
---------- = 5(2/1) = 5(2) = 10
(1/2)
