SOLUTION: The value V of car can be modeled by the function V (t) =13,000 (0.82)raised to t, where t is the number of years since the car was purchased. To the nearest tenth of a percent, wh

Question 960901: The value V of car can be modeled by the function V (t) =13,000 (0.82)raised to t, where t is the number of years since the car was purchased. To the nearest tenth of a percent, what is the ratio of depreciation?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The value V of car can be modeled by the function V (t) =13,000 (0.82)raised to t, where t is the number of years since the car was purchased. To the nearest tenth of a percent, what is the ratio of depreciation?
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Since each year the value is 82% of its last year value.
Ans: Depreciation rate is 18%
Cheers,
Stan H.
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