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SCORPION-xisa [38]
3 years ago
10

Don bought his car for $20,350. It is expected to depreciate an average of 11% each year during the first 5 years.

Mathematics
2 answers:
erastova [34]3 years ago
8 0
It could be 30,954 it could be the answer 

Montano1993 [528]3 years ago
5 0

Answer:

The approximate value of Don car be in 5 years is $ 11364 .

Step-by-step explanation:

The exponential decreases function is defined as

y = a (1 - r)^{t}

Where a is the initial value , r is the rate of interest in the decimal form and t is the time in years .

As given

Don bought his car for $20,350.

It is expected to depreciate an average of 11% each year during the first 5 years.

a = $ 20350

11% is written in the decimal form

= \frac{11}{100}

= 0.11

r = 0.11

t = 5 years

Put all the values in the function

y = 20350(1 - 0.11)^{5}

y = 20350(0.89)^{5}

y = 20350\times 0.558406

y = $ 11363 .5621

y = $ 11364 (Approx)

Therefore the approximate value of Don car be in 5 years is $ 11364 .

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