Silas just bought a used car for $5000. It loses value at a rate of 30% per year. The value of the car in n years is modeled by
the formula f(n)=5000*(0.70)^ n-1 . Approximately how much will the car be worth in 5 years?
1 answer:
Answer:
$1200.50
plug 5 for n
5000(.7)^4
5000*.2401
=1200.5
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