Sara bought a used car for $10,000. She learned from online that the value of a car depreciated 15% per year. What is the formula for the value of Sam's car after t years? Also, what would be the value

asked Nov 8, 2021 234k views

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1 vote

Answer:

Explanation:

Value of Sam's car after t years =

=
$=10000*(1-(15)/(100))^(t)\\\\=10000*((85)/(100))^(t)\\\\=10000*(0.85)^(t)$

Value of Sam's car in 5 years=

$=10000*(0.85)^(5)\\\\=10000*0.4437\\\\$

= $ 4437

Niya answered Nov 14, 2021

by Niya

7.4k points

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