Sam has purchased a $30,000 car for his business. The car depreciates 30% every year. What is the explicit formula for this sequence? Note: The car is 0 years old when purchased so the first year is the second entry in the sequence.

Question

Mathematics

Zara

4 November, 21:34

Sam has purchased a $30,000 car for his business. The car depreciates 30% every year. What is the explicit formula for this sequence? Note: The car is 0 years old when purchased so the first year is the second entry in the sequence.

+2

Answers (1)

Know the Answer?

Jeremiah Hughes · Answer 1

If your just figuring out how much the car depreciated just by driving off the lot new ... 1st year.

$30,000*.30=$9,000

$30,000 - $9,000=$21,000.

just take the brand new value of the car multiplied by the. 30% of the 1st depreciation ... take that answer ($9,000) and subtract it from your orginal value of $31,000.

which gives you $21,000