Question

the value in dollars, v(x), of a certain truck after x years is represtented by the equation v(x)=32500(0.92)* ( *=to the x power). to the nearest dollar, how much more is the truck worth after 2 years than after 3?

Answer 1

The value of track is given by:
V(x)=32500(0.92)^x
when x=2
V(2)=32500(0.92)^2=$27508

when x=3
V(3)=32500(0.92)^3=$25,307.36

Difference in values will be:
27508-25307.36
=$2,200.64