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Lorico [155]
3 years ago
15

The value of a car decreases by 20% per year Mr. Singh for purchase is a $22,000 automobile what is the value of the car the end

of the second year
Mathematics
1 answer:
DerKrebs [107]3 years ago
3 0
\bf \qquad \textit{Amount for Exponential Decay}\\\\
A=I(1 - r)^t\qquad 
\begin{cases}
A=\textit{accumulated amount}\\
I=\textit{initial amount}\to &22000\\
r=rate\to 20\%\to \frac{20}{100}\to &0.20\\
t=\textit{elapsed time}\to &2\\
\end{cases}
\\\\\\
A=22000(1-0.2)^2
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