Question

Please help due soon

Answer 1

$4742.10

Explanation:

Exponential depreciation formula :-

, where y is the value of good after t years , r is rate of depreciation and A is the initial value.

Given : A= $20800 ; r=10.75%=0.1075

The equation models this situation:

Then, the value of car after t=13 years :-

Hence, the value of car after 13 years = $4742.10