Jerome purchased a car for $25,000. If the car's value depreciates at a rate of 14% per year, which is the equation for the value of the car after t years?

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asked Oct 8, 2022 31.4k views

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Richard Morgan · Answer 1 · 2022-10-13T01:36:59+0000

Answer:

25000(1-.14)^t

Explanation:

it's just a simple decreasing equation it's your start number 1 minus your percentage because we're decreasing and to the power of t which equals time

Jerome purchased a car for $25,000. If the car's value depreciates at a rate of 14% per year, which is the equation for the value of the car after t years?

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