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 7 options:
A)

$8,305.66

B)

$10,928.53

C)

$12,234.21

D)

$15,239.32

Answer 1

8,305.6

Explanation:

Answer 2

V = $8305.66 (First given answer)

Explanation:

Use the expoential expression V = 35000(0.75)^5 (be sure to use " ^ " to indicate exponentiation):

Here V = 35000(0.2373)

or

V = $8305.66