The value of a company van is $15,000 and decreases at a rate of 4% each year. Approximate how much the van will be worth in 7 years.

Question

Mathematics

Deon Lynn

23 June, 05:46

The value of a company van is $15,000 and decreases at a rate of 4% each year. Approximate how much the van will be worth in 7 years.

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Hayden Pearson · Answer 1

So judging by the question at hand I generated the equation, 15000 (0.96) ^x.

So by pluggin in 7 years for x you should get the answer = $11271.71 at the van value after 7 years.