Question

A car is purchased for 20,000. 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

Pretty sure you'd use the decay formula y = b(1-r)
`^(t)` so y = 20,000(1-0.25)
`^(4)` which equals $6328

The t and the 4 are supposed to be superscripts