Kelly bought a new car for $20,000. The car depreciates at a rate of 10% per year. Write an equation to model the car’s value. U
se your equation to determine the value of the car six years after Kelly purchased it
1 answer:
Answer:
P=P'(1-R/100)^T
Where P = Final price
P'=Initial price
T=Time
R=Rate of Depreciation.
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