The cost of a new car is $30,000. If it depreciates at a rate of 18% per
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The cost of a new car is $30,000. If it depreciates at a rate of 18% per year, the value of the car in t years can be approximated by the function V(t) = 30,000(0.82)t. Determine the value of the car in 4 years. Round your answer to the nearest cent.
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Related Book For
A Survey Of Mathematics With Applications
ISBN: 9780135740460
11th Edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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