Question

U guys are crazy awesome 7.04 Q13​

Answer 1

The equation for actually working this out is

19340 X 0. 875^10. The answer would be the 3rd one ($5088) as the actual reality is the answer is $5087 with a lot of decimals hope this helps

Answer 2

5088

Explanation:

The initial value of the car is $19340

The rate of decrease is 12.5%

The value of the car after 10 years is given by

`A=P(1-r\%)^n`

Substitute the values to get;

`A=19340(1-12.5\%)^(10)`

`\Rightarrow A=19340(1-12.5\%)^(10)`

`\Rightarrow A=19340(1-0.125)^(10)`

`\Rightarrow A=5087.88`

To the nearest dollar we have $5088

The correct answer is choice C