SOLUTION: The value V of an item after t years is given by the following formula, assuming linear deppreciation, V=C-Cry Where C is the original cost and r is the rate of depreciation

Question 1145681: The value V of an item after t years is given by the following formula,
assuming linear deppreciation,
V=C-Cry
Where C is the original cost and r is the rate of depreciation expressed as a decimal.
If you buy a car for 11,413 and it depreciated linearly at a rate of 14% per year, what will be it's value after 3 months?
Found answer to the nearest cent.
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.

The formula in your post is written INCORRECTLY.

- Look into your source;

- Find your error;

- When you find the error, fix it;

- Then re-post the problem to the forum.

    Please do not re-post it to me personally.

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