Question

Kimeyon purchased a car for $13,234. Every year the cars value depreciates by 7%. Write an equation that best represents change in value of Kimeyons car. How much will the car cost after 5 years ?

Answer 1

`y = 13234( {.93}^(x) )`

After 5 years:

`13234 ({.93}^(5) ) = 9206.74`