SOLUTION: Use the information in the scenario to solve the problem: A car loses value each year. The value of he car t years from today can be modeled using the function f(t) = 15,000(0.85)

Question 986281: Use the information in the scenario to solve the problem:
A car loses value each year. The value of he car t years from today can be modeled using the function f(t) = 15,000(0.85) to the t power. If Elizabeth wants to sell her car in 2 1/3 years, what will the car's value be when she sells it?
Answer by josgarithmetic(39617) (Show Source): You can put this solution on YOUR website!

Use table of logarithms or a scientific calculator.

RELATED QUESTIONS
In the year 2008, DJ bought a new car for $26,000. In 2013, he was told that the value of (answered by advanced_Learner)

You bought a used car for $18,000. The value of the car will be less each year because of (answered by flame8855)

A new car valued at $20,000 loses 10% of its value upon first leaving the acr yard and... (answered by solver91311)

The value of a new car depreciates at a rate of 34% each year from the year it is driven... (answered by stanbon)

30 Kathy plans to purchase a car that depreciates (loses value) at a rate of 14% per... (answered by jorel1380)

Each year, the value of a car depreciates to 70% of the value from the previous year. A... (answered by Alan3354)

Hi would you please help me with my homework. Suppose that an automobile loses 1/5 of... (answered by jim_thompson5910,josgarithmetic)

n the year 2008, DJ bought a new car for $26,000. In 2013, he was told that the value of... (answered by Fombitz)

alex bought a used car for $22,000. the value of the car will be less each year because... (answered by checkley77)