Question

You buy a car in 2017 for $25,000. The value decreases by 16% each year. How much will the car be worth

Answer 1

Answer:

The appropriate answer is "10,455.29856".

Step-by-step explanation:

According to the question,

The time will be:

⇒  t = $2022-2017$

⇒    = $5$

On applying formula, we get

⇒ $f(t)=25000(1-.16)^t$

On substituting the value of "t", we get

⇒ $f(5)=25000(1-.16)^5$

⇒         $=25000(0.84)^5$

On solving the power, we get

⇒         $=25000\times 0.4182119424$

⇒         $=10,455.29856$