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MatroZZZ [7]
2 years ago
6

5. Landon bought a new car for $16,000 and it depreciates 4.5% every year. Write a function that describes

Mathematics
1 answer:
snow_tiger [21]2 years ago
3 0

Answer:

<h3>The value C(t) of the car after  5  years is $12709.</h3>

Step-by-step explanation:

Given that Landon bought a new car for $16,000 and it depreciates 4.5% every year.

<h3>To find the value C(t) of the car after  5  years:</h3>

Initial value C(0)= $16,000

Depreciation rate is  r=\frac{4.5}{100}

<h3>∴ r=0.045</h3>

Period ,  t=5 years

C(t)=C(0)(1-r)^t

Substitute the values we get

C(5)=16000(1-0.045)^5

=16000(0.955)^5

=16000(0.7943)

∴ C(5)=12708.8

<h3>The value C(t) of the car after  5  years is  $ 12709</h3>
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