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Sam has purchased a $30,000 car for his business. The car depreciates 30% each year. I know the sequence is arithmetic, I know the recursion equation, I know the function formul…

Sam has purchased a $30,000 car for his business. The car depreciates 30% each year. I know the sequence is arithmetic, I know the recursion equation, I know the function formul…
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Sam has purchased a $30,000 car for his business. The car depreciates 30% each year. I know the sequence is arithmetic, I know the recursion equation, I know the function formula. How do I find the value of the car AFTER the 5th year?

User Perette
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1 Answer

7 votes
30000*(0.7^5)=5042.1, becuase 100-30 percent is 70 percent.
User Srihari Karanth
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8.5k points
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