## A new car is purchased for 17000 dollars.The value of the car depreciates at 12.25% per year what will the value of the car be to the neares

Question

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## Answers ( )

Answer:The value of car after 12 years is $ 2982.92

Solution:

Given that,

A new car is purchased for 17000 dollars

The value of the car depreciates at 13.5% per year

To find: Value of car after 12 years

The decreasing function is given as:

Where,

y is the future value

a is the initial value

r is the decreasing rate in decimal

t is the number of years

From given,

Substituting the values we get,

Thus value of car after 12 years is $ 2982.92

Step-by-step explanation: