Answer:
The approximate value of the car after 7 years is;
Step-by-step explanation:
Given that the initial value of the car is;
after 1 year its new value is;
The rate of depreciation is;
After 7 years the value of the car can be calculated using the formula;
where t equals 7 years.
substituting the values;
Therefore, the approximate value of the car after 7 years is;