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Please show fulllllll work #12 I neee it as fast as possible Please
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4 votes
Please show fulllllll work
#12
I neee it as fast as possible
Please

Please show fulllllll work #12 I neee it as fast as possible Please-example-1
User Jan Blaha
by
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1 Answer

6 votes
If the car's value is dropping, then r, the interest rate, is negative.

Thus the formula that applies here is Value = Original Price times (1-0.15)^n, or

Value after n years = $35000(0.85)^n (answer)
User Travis Collins
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