A new car is purchased for 19900 dollars. The value of the car depreciates at 7.5% per year. What will be the value of the car a
fter 8 years? Round to the nearest hundredth.
2 answers:
Answer:10665.64
Step-by-step explanation: Exponential Functions:
y=ab^x
A= starting value = 19900
r=rate = 7.5%=0.075
Exponential Decay:
b=1-r=1-0.075=0.925
Write Exponential Function:
y=19900(0.925)^x
Plug in time for x:
y=19900(0.925)^8
y= 10665.6404317
Evaluate
y≈10665.64
Answer:
$10665,64
Step-by-step explanation:
S=19900*(1-(7,5/100))^8=10665, 64
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