Question

A travel trailer is bought at the price of $35,000. The value decreases at the rate of .25 every year (t). The exponential expression 35,000(0.75)t describes this situation. Find the value of the travel trailer after 5 years.

Question 9 options:

A)

$8,305.66

B)

$12,234.21

C)

$10,928.53

D)

$15,239.32

Answer 1

A: $8305.66

Explanation:

Since it decreases by .25 every year it is 1-.25 which is 0.75

35000(0.75)^5

35000(0.2373046875)

= $8305.66