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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

Home/Math/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

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.

## Answers ( )

Answer:

$14,310

Step-by-step explanation:

y = 21000(1-0.12)^3