Doug bought a new car for $25,000. He estimates his car will depreciate, or lose value, at a rate of 20% per year. The value of
1 answer:
The value of his car after 4 and one-half years is $9159.
<h3>Given </h3>Doug bought a new car for $25,000.
He estimates his car will depreciate, or lose value, at a rate of 20% per year.
The value of his car is modeled by the equation V = P(1 – r)t,
Where V is the value of the car, P is the price he paid, r is the annual rate of depreciation, and t is the number of years he has owned the car.
<h3>What is depreciation?</h3>Depreciation is a kind of accounting method that is utilized for the allocation of the physical asset cost in the context of its life expectancy or its usefulness.
The value of his car is modeled by the equation;
Where the value of p = 25,000 and r is 20% = 0.20 and time is er 4 and one-half years = 4.5 years.
Substitute all the values in the formula;
Hence, the value of his car after 4 and one-half years is $9159.
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<h3>Answer: B. (-1, 0)</h3>
This point is below both the red diagonal line and the blue parabola. We know that the set of solution points is below both due to the "less than" parts of each inequality sign.
In contrast, a point like (2,2) is above the parabola which is why it is not a solution. It does not make the inequality true. So this is why we can rule choice A out.
Choice C is not a solution because (4,1) does not make true. This point is not below the red diagonal line. We can cross choice C off the list.
Choice D is similar to choice A, which is why we can rule it out as well.