Answer:
<h3>The value C(t) of the car after 5 years is $12709.</h3>Step-by-step explanation:
Given that Landon bought a new car for $16,000 and it depreciates 4.5% every year.
<h3>To find the value C(t) of the car after 5 years:</h3>Initial value
Depreciation rate is
Period , t=5 years
Substitute the values we get
∴
Answer:
Step-by-step explanation:
The formula for this equation is
a is the final result
p is the starting amount (deposited)
r is the interest rate
n is the number of times it's compounded
t is the time
because it says compound annually and it's after 2 years both t and n equal 2. I rounded a for you, but if you don't need it rounded here it is: 3863.345117
Please double check me I may be wrong, this is my second time doing these type of questions
