Question

The value, V, of a certain type of car depreciates about 20% per year. Write a function to model the value of this type of car t years after it is initially bought for $30,000.

Answer 1

Answer:

Let V(t) = value of the car t years after purchase

V(t) = 30,000(1-0.15)t

So, V(t) = 30,000(0.85)t

Step-by-step explanation:

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