A new car is purchased for 20000 dollars.The value of the cat depreciates at 12.5% per year.What will the value of the car be, t
o the nearest cent, after 11 years?
1 answer:
Answer:
$460.38
Step-by-step explanation:
Use the exponential decay formula, y = C(1 - r)^t
Plug in the original price, depreciation rate, and amount of time:
y = 20000(0.875)^11
y = 460.38
So, the car's value after 11 years will be $460.38
You might be interested in
The answer is 160. There are 160 boys in the school. Take 360 divide by 9, then multiply by four.
Answer:
I guess. Just post question.
No, because x/2 divides x by two, while -2x multiplies x by -2.
Answer:
They'll each want a quarter of a cupcake.
Step-by-step explanation:
Answer:
Penny can fill eight jars.
