Question

Ou just purchased a brand new car for $45,000. The car depreciates by about 7% each year.

Which expression shows the value of the car in x years.


y=45,000(0.93)xy is equal to 45 comma 000 times 0 point 9 3 to the x th power

y=45,000(0.97)xy is equal to 45 comma 000 times 0 point 9 7 to the x th power

y=45,000(1.07)^xy=45,000( 1.0 7^x)

y=45,000(1.7)^x

Answer 1

Each year the car depreciates at a rate of 7% per year. Each year the car will depreciate by the amount of $3,150per/year.
3150(#of years) would give you the the amount if the cars worth in that time spand