Question

The value of a $10,000 used car is given by the following function: v(t) = 10,000(0.90)^t . Find the value of the car after 2 years.

Answer 1

The value of the car after 2 years is $8,100

Explanation:

To find the value of the car after 2 years, what is needed to be done is to substitute 2 for t in the question

From the question V(t) = 10,000(0.90)^t

So V(2) = 10,000(0.90)^2 = 10,000 * 0.81 = $8,100