SOLUTION: After t years the value V of a car that cost $14,000is V(t)=14000(3/4)^t. Find the value of the car 2 years after it was purchased. I came up with $7,875.00...is this correct?

Algebra.Com
Question 37293: After t years the value V of a car that cost $14,000is V(t)=14000(3/4)^t. Find the value of the car 2 years after it was purchased. I came up with $7,875.00...is this correct?
Answer by fractalier(6550)   (Show Source): You can put this solution on YOUR website!
Yes, it is correct.
RELATED QUESTIONS

A car which cost $18,900 when new is depreciated linearly for a period of 10 years. At... (answered by josmiceli)
The dollar value v(t) of a certain car model that is t years old is given by the... (answered by Fombitz)
After T years, the value of a car purchased for $20,000 is v=20,000(.75)^T When... (answered by stanbon,josmiceli)
The value of a new car decreases immediately after purchase. The equation v=-3000t+28,000 (answered by Fombitz)
The value of a car varies according to the formula: (answered by Fombitz)
The equation V = -2000t + 20,000 describes the value in dollars of a certain model of car (answered by Mathtut)
A new 24000 dollars car depreciates in value 5000 dollars per year. Construct a linear... (answered by oscargut)
The equation V=-2000t+20,000 describes the value in dollars of a certain model of car... (answered by jim_thompson5910)
Solve. The equation V=-2000t+23,000 describes the value in dollars of a certain model (answered by jim_thompson5910)