Question

CONGRATS! Your parents bought you a car for graduation. They paid $9000 for it. The bad news is that it depreciates at 12% per year. Write a function to represent the value of the car versus time

Answer 1

If the price before depretiation be P and price after depreciation be Pt..

The eqn would be,

Pt=P(1-12/100)^t

Hope it helps!!