A new car is purchased for 23900 dollars. The value of the car depreciates at 14.25% per year. To the nearest tenth of a year, h
2 answers:
Answer:
The value of the car will be 6100 dollars in 8.8 years
Step-by-step explanation:
Present value of car = $23900
The value of the car depreciates at 14.25% per year
Let x be no. of years in which the value of the car becomes 6100 dollars
Formula:
Substitute the values :
Hence the value of the car will be 6100 dollars in 8.8 years
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Using arithmetic sequence concepts, it is found that the common difference is of 0.25.
<h3>What is an arithmetic sequence?</h3>In an arithmetic sequence, the difference between consecutive terms is always the same, called common difference d.
The nth term of an arithmetic sequence is given by:
In which is the first term.
In this problem, we have that:
Hence:
9 = 8 + 4d
4d = 1.
d = 0.25.
The common difference is of 0.25.
More can be learned about arithmetic sequence concepts at brainly.com/question/6561461