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yaroslaw [1]
3 years ago
8

A financial survey estimated that, on average, the retail value of a mid-sized car decreases 8% annually. If the value of a mid-

sized car in a particular year is $15,600, which equation represents its value (V) after n years?
Mathematics
2 answers:
emmainna [20.7K]3 years ago
7 0
V=15600*(0.92)^n
where v is value and n is years
Alik [6]3 years ago
7 0

Answer:

V=15600(0.92)^n represents its value (V) after n years.

Step-by-step explanation:

Rate of decrease = 8%

Original Value = a = $15600

Time = n years

Now we are supposed to find which equation represents its value (V) after n years

Formula : y=a(1-b)^n

where a is original value

b is decay rate

n is time

y is value after n years i.e. V

So,  V=15600(1-0.08)^n

V=15600(0.92)^n

Hence V=15600(0.92)^n represents its value (V) after n years.

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