Question

To the nearest dollar, what will be the approximate value of Milo's car 11 years after he purchased it?

Answer 1

We have been given the equation

`y=20646(0.86)^x`

This equation represents the value of the brand car x years after it was purchased.

We have to find the value of the Milo's car 11 years after he purchased. In order to find the same we can substitute x = 11 in the above equation.

On substituting x = 11 in the above equation, we get

`y(11)=20646(0.86)^(11)\\y(11)\approx 3929`

Therefore, the value of the car 11 years after purchasing is given by $3929

A is the correct option.