Question

The value of a certain car, in dollar, x years from its model year can be predicted by

the following function:

12000(0.89)

How much will the car be worth in 5 years? Round your answer to the nearest cent.

Answer 1

value of car in 5 years will be = $6700.87

Explanation:

Answer 2

The value of car in 5 years will be = $6700.87

Explanation:

The function representing the value of a car in
`x` years is given by:

`f(x)=12000(0.89)^x`

To find the value of the car in 5 years to nearest cents.

Solution:

In order to find value of car in 5 years, we will plugin
`x=5` in the given function.

So, we have:

`f(5)=12000(0.89)^5`

`f(5)=12000(0.5584)`

`f(5)=6700.871\approx 6700.87`

Thus, value of car in 5 years will be = $6700.87