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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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Nov 12, 2021
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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.
Mathematics
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Grigoriy Mikhalkin
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The value is :
34500 * 0.95^m
where m is how many months passed.
If 5% is lost, 95% remains.
Scen
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Nov 18, 2021
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