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

Question

3 years ago

6

fter 8 years? Round to the nearest hundredth.

2 answers:

Vilka [71] · Answer 1 · 2022-05-23T14:36:20+03:00

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

bogdanovich [222] · Answer 2 · 2022-05-23T12:56:48+03:00

bogdanovich [222]3 years ago

6 0

Answer:

$10665,64

Step-by-step explanation:

S=19900*(1-(7,5/100))^8=10665, 64