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24 May, 10:28

A new car costs $45,000 but depreciates

15% each year. Write a function that

models the value of the car. Find the value

of the car after 10 years.

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Answers (1)
  1. 24 May, 13:43
    0
    Answer: $8859

    Step-by-step explanation:

    Let value after 10 years be y

    y = 45000 (0.85) ^10

    y = 45000 (0.2)

    y = 8859
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