Question

The value of a car in 2000 was $32,000 and it is decreasing in value at a rate of 16.3% per year.

a.) Write an equation that represents the situation for any amount of time from 2000.
b.) How much will the car be worth in 2035?

Answer 1

see below

Explanation:

a. amount of time = t

Value = 32000*(1-16.3%)^t

b. in 35 years Value = 32000*(1-16.3%)^35 = 63.17