Question

PLEASE HELP WILL GIVE BRAINLIEST AND 30 POINTS!!!!!

Answer 1

Answer:

Step-by-step explanation:

If the price is supposed to be dropping with each year, maybe your year/price chart would reflect that. Seems to me that the price rose between 2015 and 2016 and even by 2017 the value was still higher than it was in 2015.

I have no way of knowing how to fix this.

Let's ASSUME that the 2015 price was $71,445 and that the 2016 and 2017 prices are valid.

the decrease between 2015 and 2016 is (71445 - 68640) / 71445 = 0.03926

or 3.926%

the decrease between 2016 and 2017 is (68640 - 65945)/68640 = 0.03926

or 3.926%

so the price each year after new is

p = 71445(1 - 0.03926)ⁿ

or

71445(0.96074)ⁿ

where n is the number of years.

To get the monthly version, we divide the decrease by 12

p = 71445(1 - 0.03926/12)ˣ

or

p = 71445(1 - 0.00327)ˣ

or

p = 71445(0.99673)ˣ

where x is the number of months since new.

This may not be your exact answer, but the same method can be used if you get real numbers.