aight can you guys help, it’s a one-step equation and i’m smol brain, and can you give me a step-by-step cuz i forgot how to do
it, thank youuuuu<3
2 answers:
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Solution:
Given:
The value of a car after t - years will depreciate.
Hence, the equation given represents the value after depreciation over t-years.
To get the rate, we compare the equation with the depreciation formula.
Hence,
Therefore, the value of this car is decreasing at a rate of 6%. The purchase price of the car was $16,300.