Question

A new car is Purchased for 16200 dollars. The value of the car depreciates at 14.25% per year. What will the value of the car be, to the nearest cent,after 6 years?

Answer 1

$6440.5

Explanation:

I hope this helps!

Answer 2

6,440.5

Explanation:

So the car starts at 16,200. For the first part of the equation it's 16,200 × x raised to the y. X in this equation would be 1-.1425 = 0.8575. 16,200×(.8575)^y. Y is the number of years after you purchased the car. So, 16,200×(.8575)^6 and that equals 6,440.5