A new car is Purchased for 16200 dollars. The value of the car depreciates at 14.25% per year. What will the value of the car be

Question

vlada-n [284]

4 years ago

14

A new car is Purchased for 16200 dollars. The value of the car depreciates at 14.25% per year. What will the value of the car be

, to the nearest cent,after 6 years?

Mathematics

1 answer:

notka56 [123] · Answer 1 · 2021-12-09T19:10:35+03:00

Answer:

6,440.5

Step-by-step explanation:

So the car starts at 16,200. For the first part of the equation it's 16,200 × x raised to the y. X in this equation would be 1-.1425 = 0.8575. 16,200×(.8575)^y. Y is the number of years after you purchased the car. So, 16,200×(.8575)^6 and that equals 6,440.5