Question

PLEASE PLEASE HELP THIS IS DUE IN 30 MINS

A car is purchased for $19,500. After each year, the resale value decreases by 25%. What will the resale value be after 4 years?
Use the calculator provided and round your answer to the nearest dollar.

Answer 1

V(x) = 28,500 × 0.8^4 ≈ $11674

Explanation:

Step 1: Start off by factoring.

80% = 80/100 = 0.8

Step 2: Multiply the numbers.

$28,500 x 0.8^4 = 11673.60

Step 3: Round to the nearest whole.

$11673.60 ≈ $11674.00

Your answer is $11674.00.

Have a nice day!