You purchase a brand new red car for $23,400. If the car depreciates at a rate of 15% per year, find the decrease in value from
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Answer:
The second option will cost her less than the first one.
Step-by-step explanation:
In order to solve this problem we will create two functions to represent the cost of the car in function of the miles drove by her.
For the first option we have:
For the second option we have:
Since she intends to drive it for 10,000 miles per year for 6 years, then the total mileage she intends to drive her car is 60,000 miles. Applying this to the formula of each car and we have:
The second option will cost her less than the first one.