The value of the car is January 2003 is $199,148.54.
<h3>What is the value of the car?</h3>
Depreciation is the rate of decline in the value of an asset with the passage of time.
The exponential equation that can be used to determine the value of the car is:
Value of the car = purchase value(1 - rate of decline)^time
400,000 x (1 - 0.16)^(2003 - 1999)
400,000 x (0.84^4) = $199,148.54
To learn more about depreciation, please check: brainly.com/question/15085226
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3^x = 729
log(3^x) = log(729)
xlog(3) = log(729)
x = log(729)/log(3)
x = 6
Awnser is in the photo below
Answer: Commodity money
Explanation: has intrinsic value because it has other uses besides being a medium of exchange. Fiat money serves only as a medium of exchange, because its use as such is authorized by the government; it has no intrinsic value.
