See attached PDF. (The censor thinks there are some unseemly words in there.)
The worth of the car in 10 years is $1,831.67 using an exponential equation approach.
What is an exponential equation?
An exponential equation is the one with exponents such X^3(the 3 is the exponent)
The exponential equation required here is the one where the future value would be lower than current value because the car reduces in value year-in-year-out.
FV=PV*(1-r)^N
FV=future worth of the car
PV=today's value=$25,000
r=depreciation rate=-23%
N=number of years=10
The fact that r is negative means the car is depreciating not appreciating.
FV=$25,000*(1-23%)^10
FV=$1,831.67
Find further explanation on exponential equation below in the link:
brainly.com/question/11832081
#SPJ1
Answer:
19) n = -14
20) x = 4
21) b= -14
22) x = 2
23) x = -1
24) x = -9
Step-by-step explanation:
19) Use the distributive property to get rid of the parentheses. You will get: 20-4n = 76. So, n = -14.
20) Multiply both sides of the equation by 2 to get: -8 + x = -4. So, x = 4
21) Add 3 to both sides to get:
= -1. So, b = -14
22) Use the distributive property to get rid of the parentheses. You will get: -40 - 5x = -50. Then, add 40 to both sides to get: -5x = -10. So, x = 2.
23) Use the distributive property to get rid of the parentheses. You will get: -72 = -64 + 8x. Then, add 64 to both sides to get: -8 = 8x. So, x = -1
24) Add 2 to both sides to get:
= -3. So, x = -9
Hope this helps :)