The original price of the car before 4 years will be $23,032.
<h3>What is an exponent?</h3>
Consider the function:
y = P (1 ± r) ˣ
Where x is the number of times this growth/decay occurs, P = original amount, and r = fraction by which this growth/decay occurs.
If there is a plus sign, then there is exponential growth happening by r fraction or 100r %
If there is a minus sign, then there is exponential decay happening by r fraction or 100r %
A Naomi's car exponentially depreciates at a rate of 8% per year.
If Nina bought the car when it was 4 years old for $16,500.
Then the original price will be
16500 = P(0.92)⁴
16500 = 0.716P
P = $ 23,032
More about the exponent link is given below.
brainly.com/question/5497425
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When the cups are filled with joy and love u bizdeek
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$67.50
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52
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