Question

Tenika bought a new car at a cost of $29,000. The car decreases in value approximately 10% of its value each year. Find an equation to predict the value of the car and estimate the value of the car in 8 years

Answer 1

100-10=90
so it is 90% of previous year amount

A=29000(0.9)^t
A=amount
t=time in how many years

so

A=29000(0.9)^8 is in 8 years
A=12483.55