Question

5. Oshaunda buys a car that costs $21,000. It depreciates at 8.2% per year. a. Write an equation for the value of the car. V=21,000(1-0.082) V-21,000(0.918) B. Oshaunda tries to sell the car 4 years later. What is the car worth when it is 4 years old? Hint: Use your formula for part (a), and plug in t = 4. Use GEMA to finish the math.​

Answer 1

a.

`f(t) = 21000( {.918}^(t) )`

b.

`f(4) = 21000( {.918}^(4)) = 14913.86`