Question

The value of a car is $7800 and decreases at a rate of 8% yearly for 6 years

Answer 1

All these values will assume you are rounding to the nearest tenth

This is what the equation is going to look like

`Y= Initial Value(1- Rate) ^(12)`

So when we plug in the values

`Y=7800(1-.08)^6`

From here you will need to follow PEMDAS

`Y=7800(.92)^6`

Keep following going through with the equation

`y=7800(.60)`

Solve


`Y=4680`

Because this is a word problem you have to write it in a written explanation
so

If the car constantly decreases at a rate of 8% over a time period of 6 years, at the end of the time period the car will be worth $4680