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Karen is buying a Mini Cooper. It is costing her 34,500. As soon as she drives it off the lot, the car will depreciate at the rate of 5% per month. Write an equation to reflect the value of Karen’s car.
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Karen is buying a Mini Cooper. It is costing her 34,500. As soon as she drives it off the lot, the car will depreciate at the rate of 5% per month. Write an equation to reflect the value of Karen’s car.

User Grigoriy Mikhalkin
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1 Answer

2 votes
The value is :
34500 * 0.95^m
where m is how many months passed.

If 5% is lost, 95% remains.
User Scen
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