3 years ago

Math Homework Help

1 answer:

7 0

From the given scenario above, the value of the car after n years is given by the equation,
V(n) = V₁(1 - d)^n
Where V(n) is the value after n years, V₁ is the original value, d is the depreciation rate and n is the number of years. Substituting the known values,
V(n) = ($25,750)(1 - 0.2)^5
= $8,437.76
Thus, the answer is the second choice.

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