Question

The price of a car that was bought for $20,000 and has depreciated 8% yearly. Which equation will help find the value of the car after a

certain period of time? What is the value of the car 5 years later?
O y = 20000(1 - 08) $ 13181.63
Oy=20000(1 +.08) ; $29386.56
Oy=20000(1 +.05) ; $29549.11
Oy=20000(1 - .05) ; $ 13268.41

Answer 1

O
`\sf y = 20000(1 - 08) ^5`

O $13181.63

Step-by-step explanation:

`\sf compound \ interest = P(1 + (r)/(100))^(n)`

insert the following given values

`\sf \hookrightarrow 20000(1 - (8)/(100) )^5`

`\sf \hookrightarrow 20000(1 - 0.08)^5`

`\sf \hookrightarrow 13181.63`