A new car is purchased for 25000 dollars. The value of the car depreciates at 8.25% per year. What will the value of the car be
to the nearest cent after 15 years?
1 answer:
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Lets say that the two unknown integers are 
and 
.
We know the following things about and :
And, we want to find
.
To solve this, we'll use the expansion of the squared of the sum of any two inegers; this is expressed as:
So, given what we know about the unknown integers, the previous can be written as:
We can easily solve for:
The answer is 168.
Another approach to solve the problem is, from the two starting equations, compute the values of and , which are 12 and 14, and directly compute their product; however, the approach described is more elegant.
We know the following things about
And, we want to find
To solve this, we'll use the expansion of the squared of the sum of any two inegers; this is expressed as:
So, given what we know about the unknown integers, the previous can be written as:
We can easily solve for
The answer is 168.
Another approach to solve the problem is, from the two starting equations, compute the values of