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Answer:
The value of car after 14 years is $ 2,363.04
Step-by-step explanation:
Given as :
The price of new car = N = $ 18,000
The rate of depreciation of the value of the car = R = 13.5 % per year
Let The value of car after 14 years = $ x
The time period = 14 years
<u>Now, According to question</u>
The value of car after n years = initial value of car ×
or, $ x = N ×
or, $ x = $ 18,000 ×
Or, $ x = $ 18,000 ×
∴ x = $ 18,000 × 0.13128
I.e x = $ 2,363.04
So, The value of car after 14 years = x = $ 2,363.04
Hence The value of car after 14 years is $ 2,363.04 Answer