Kathy plans to purchase a car that depreciates at a rate of 12% per year. The initial value of the car is $21,000. Use an exponential

Question

Kathy plans to purchase a car that depreciates at a rate of 12% per year. The initial value of the car
is $21,000. Use an exponential function to find the value of the car after 3 years.

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3 months 2022-02-16T12:54:55+00:00 1 Answer 0 views 0

Answers ( )

    0
    2022-02-16T12:56:14+00:00

    Answer:

    $14,310

    Step-by-step explanation:

    y = 21000(1-0.12)^3

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