Question

$36000. For every year after it is purchased, the car loses 17% of its value due to depreciation. What is the value of the car after 64 months? find in exponential function grade 11 math

Answer 1

Answer:

$13,320

Step-by-step explanation:

The expression for depreciation is

V=C(1-r)^t ,

where V is the value of the car after t years,

C is the original cost, and

r the rate of depreciation. If a car

given

C=$36000

r=17%= 0.17

t in years 64/12= 5.33years

Substituting to the formula we have

V=36000(1-0.17)^5.33

V=36000(0.83)^5.33

V=36000*0.370

V=13,320

the value will be $13,320