Question

What is the value, after 7 years, of a Ford Mustang that originally cost $ 25,000.00 if t depreciates at a rate of 8% per year? Round to the nearest dollar

Answer 1

Answer:11000

Step-by-step explanation:8*25000/100 =2000 so 2000 is the 8 percent depreciation. then multiply by 7 which is 14000 then just subtract from 25,000.00 and the answer is 11000

Answer 2

For this case we have an exponential function of the form:

Where,

A: original cost

b: rate of change

x: number of years

Therefore, replacing values we have:

Answer:

the value, after 7 years, of a 2014 Ford Mustang is:

y=13946