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DENIUS [597]
3 years ago
8

A used car has a value of $15,250 when it is purchased in 2012. The value of the car decreases at a rate of 7.5% per year.

Mathematics
1 answer:
Ivanshal [37]3 years ago
3 0
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>
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