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What is the initial value? What is the value after 13 years?
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3 votes
What is the initial value?
What is the value after 13 years?

What is the initial value? What is the value after 13 years?-example-1
User Natacado
by
7.9k points

1 Answer

2 votes
v(t) = 27,500(0.92)^t

The initial value of the car is $27,500

And its value after 13 years :

v(t) = 27,500(0.92)¹³

v(t) = $9,302


User Mortana
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