The original value of a car is $24,000. It depreciates 15% annually. What is its value in 4 years? $
1 answer:
Answer:
Future Value = $ 12528.15
Step-by-step explanation:
The depreciation is applied to the car annually. The value of the car after depreciation in "n" no. of years can be given by the following formula:
where,
Future Value = ?
Present Value = $ 24000
Depreciation Rate = 15% = 0.15
n = no. of years = 4
Therefore,
<u>Future Value = $ 12528.15</u>
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Now we don't talk about domain here, we talk about range. See the attachment! You are supposed to focus on y-axis, plane or vertical line. See how the minimum value of function is the negative value while the maximum value is positive.
That means any ranges that don't contain the negative values are cleared out. (Hence A and C choices are wrong.)
Next, range being set of all real numbers mean that graphed functions don't have maximum value or minimum value (We can say that both max and min are infinite.)
Take a look at line graph as an example of range being set of all real numbers, or cubic function.
Answer/Conclusion
- The range exists from negative value which is -9 to the maximum value which is 5.
- That means the range is -9<=y<=5
