Question

A car loses a quarter of its value every year. It is

originally worth $35,000. To the nearest dollar, how
much will the car be worth in eight years?

Answer 1

Explanation:

This is an exponential equation of the form

`A=ar^2\text{ where a is the initial value r is the rate and t is the time.}\\ \\ A=35000(0.75)^8\\ \\ A\approx \$ 3504`