Question

U guys are crazy awesome 7.04 Q13​

Answer 1

Answer:

5088

Step-by-step explanation:

The initial value  of the car is $19340

The rate of decrease is 12.5%

The value of the car after 10 years is given by

$A=P(1-r\%)^n$

Substitute the values to get;

$A=19340(1-12.5\%)^{10}$

$\Rightarrow A=19340(1-12.5\%)^{10}$

$\Rightarrow A=19340(1-0.125)^{10}$

$\Rightarrow A=5087.88$

To the nearest dollar we have $5088

The correct answer is choice C

Answer 2

The equation for actually working this out is

19340 X 0. 875^10. The answer would be the 3rd one ($5088) as the actual reality is the answer is $5087 with a lot of decimals hope this helps