SOLUTION: The price of a used car is decreasing exponentially. Today it is worth %15,000. In 3 months from now, it will only be worth $14,000. How much was it worth a year ago?
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Question 1131523: The price of a used car is decreasing exponentially. Today it is worth %15,000. In 3 months from now, it will only be worth $14,000. How much was it worth a year ago?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Find the monthly rate of loss
monthly rate of loss
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1 yr ago, or 12 months ago compared to today:
A year ago the value was $19,758.61
check the math, get another opinion
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