Please please help me im begging you T_T
2 answers:
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Answer:
The value of the car after 5 years is $ 13,035 to the nearest dollar.
Step-by-step explanation:
The formula for depreciation is
where is the beginning price of the asset,
is the annual rate of depreciation written as a decimal,
is the number of years, and V is the value after t years.
Now substitute all these values into the formula to get,
This simplifies to,
The value of the car after 5 years is $ 13,035 to the nearest dollar.