Question

9. The value of a new car is depreciated by 15%. If your new car cost you $34,000, what is its

value after 5 years? EXPONENTIAL DECAY

Answer 1

A = 34,000
R = 15/100 = .15
T = 5 yrs

Y = A(1 - R)^t
Y = 34,000(1 - .15)^5
put it in the calculator and you get
Y = $15085.98 since it’s money round it up so final answer is $15,085.99. if it’s humans found DOWN.