The given P=15250 <span>r=7.5/100=0.075 </span> <span>t=x </span> <span>y = 15250*(1 - 0.075)^x </span> <span>after 8 years we would have </span> <span>x = 8 </span> <span>y = 15250*(1 - 0.075)^8 </span> <span>y = $8,173.42 </span> <span>after 8 years the value of the car would be $8,173.42</span>
