Question

the value of a car is 28,000 bit it is depreciating 12% per year how much will the car be worth in 8 years

Answer 1

The value of the car in 8 years is : v(t)=69,326 rounded to the nearest dollar, yet if not rounded to the nearest dollar then it is 69,326.968936

Explanation:

v(t)=28,000(1.12)^8

v(8)=69,326