SeverianoI671380 SeverianoI671380

25-10-2022
Mathematics

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you bought a car for $5000. each year it depreciates by 8.5%. Which equation can be used to find the value, v, of the car, x years after it was purchased?

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JaymonU353412 JaymonU353412

25-10-2022

We have the following:

In this case, we have the following formula:

[tex]v=C\cdot(1-r)^x[/tex]

Where C is the original value of the car, r is the depreciation rate and x is the time in years

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