Can someone please help me i will mark brainliest
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Answer:
The model for the resale value of the vehicle is
where A is the resale value of the car after x years in dollar.
The resale value of the car after 10 years is $9747.53.
Step-by-step explanation:
Given that, a brand new vehicle is bought this year for $35,000.
This vehicle model is expected to depreciate by about 12 % in resale value annually.
We use the following formula to find the value of car after t year,
A= the value of car after t years
P= initial amount of the car
r = rate
t = time
since the value of decreases so, r= -12%,t=x years, P=$35,000
where A is the resale value of the car after x years in dollar.
The model for the resale value of the vehicle is
To find the resale value of car after 10 years, we put x=10 in the above model equation
=$9747.53
The resale value of the car after 10 years is $9747.53.