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Matthew buys a used car for $12,000. The value of the car depreciates 5% per year from the time her bought the car. Write an equation for the situation

Matthew buys a used car for $12,000. The value of the car depreciates 5% per year from the time her bought the car. Write an equation for the situation
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Matthew buys a used car for $12,000. The value of the car depreciates 5% per year from the time her bought the car. Write an equation for the situation

asked
User Albert Gao
by
9.3k points

1 Answer

4 votes

Answer:

Explanation:

value of car after x years
=12,000(1-0.05)^x=12,000(0.95)^x ~$

answered
User Gelunox
by
8.0k points
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