The purchase price of a car is $24,000, and the value of the car decreases by 15
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The purchase price of a car is $24,000, and the value of the car decreases by 15 percent per year. The value V, in dollars, t years after the car is purchased is given by the function V= 24,000(x)t. What is the value, in dollars, of the car 10 years after it is purchased? (Round your answer to the nearest dollar and ignore the dollar sign when gridding your answer.)
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Since the value of the car decreases by 15 per year the initial value of the car ...View the full answer
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