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 ?

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asked Feb 3, 2023 32.2k views

5 votes

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 ?

Mathematics
high-school

Michel Fernandes asked

by Michel Fernandes

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1 Answer

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Answer:

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

After 5 years:

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

Jarrett Barnett answered Feb 7, 2023

by Jarrett Barnett

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