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natta225 [31]
4 years ago
14

A new car is purchased for 21100 dollars. The value of the car depreciates at 10.5% per year. What will the value of the car be,

to the nearest cent, after 6 years?
Mathematics
1 answer:
vladimir1956 [14]4 years ago
7 0

Answer: $10844.78

Step-by-step explanation:

Let V(t) = value of the car in t years

V(t) = 21,100(1 - 0.105)t = 21,100(0.895)t

Value in 6 years = V(6) = 21,100(0.895)6 = $10,844.78

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