A new car is purchased for 24500 dollars. The value of the car depreciates at 14.75% per year. What will the value of the car be, to the nea

Question

A new car is purchased for 24500 dollars. The value of the car depreciates at 14.75% per year. What will the value of the car be, to the nearest cent, after 14 years?

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Delilah 1 week 2021-09-13T11:06:50+00:00 2 Answers 0

Answers ( )

    0
    2021-09-13T11:07:58+00:00

    Answer:

    y≈2623.54

    Step-by-step explanation:

    0
    2021-09-13T11:08:05+00:00

    Answer: the value of the car will be

    $2623.5

    Step-by-step explanation:

    We would apply the formula for exponential decay which is expressed as

    A = P(1 – r)^ t

    Where

    A represents the value of the car after t years.

    t represents the number of years.

    P represents the value of the car.

    r represents rate of decay.

    From the information given,

    P = 24500 dollars

    r = 14.75% = 14.75/100 = 0.1475

    t = 14 years

    Therefore

    A = 24500(1 – 0.1475)^14

    A = 24500(0.8525)^14

    A = $2623.5

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45:7+7-4:2-5:5*4+35:2 =? ( )