document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=225565>Question 225565</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A car depreciates by 30% the first year and 12% per year afterward. How much will a $25000 car be worth after 5 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #168280 by </B><A HREF=/tutors/aboutme.mpl?userid=drj><B>drj(1380)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=drj><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=drj><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=168280\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A car depreciates by 30% the first year and 12% per year afterward. How much will a $25000 car be worth after 5 years?\r<BR>\n" );
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document.write( "Step 1.  30% means 0.30 and 12% means 0.12.\r<BR>\n" );
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document.write( "Step 2.  Let <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=25000 ALIGN=MIDDLE  ALT=\"P=25000\"   DISABLED_style= \"max-width:90%; height:auto;\" > the initial price of car.\r<BR>\n" );
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document.write( "Step 3.  Let <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P1=%281-0.3%29%2A25000 ALIGN=MIDDLE  ALT=\"P1=%281-0.3%29%2A25000\"   DISABLED_style= \"max-width:90%; height:auto;\" > be dollar value of car after first year.\r<BR>\n" );
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document.write( "Step 4.  Let <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P2=%281-.12%29%2A%281-0.3%29%2A25000 ALIGN=MIDDLE  ALT=\"P2=%281-.12%29%2A%281-0.3%29%2A25000\"   DISABLED_style= \"max-width:90%; height:auto;\" > be dollar value of car after second year. Also, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P3=%281-.12%29%2A%281-.12%29%2A%281-0.3%29%2A25000=%281-0.12%29%5E2%2A%281-0.3%29%2A25000 ALIGN=MIDDLE  ALT=\"P3=%281-.12%29%2A%281-.12%29%2A%281-0.3%29%2A25000=%281-0.12%29%5E2%2A%281-0.3%29%2A25000\"   DISABLED_style= \"max-width:90%; height:auto;\" > after third year\r<BR>\n" );
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document.write( "Step 5.  Then <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P5=%281-0.12%29%5E4%2A%281-0.3%29%2A25000 ALIGN=MIDDLE  ALT=\"P5=%281-0.12%29%5E4%2A%281-0.3%29%2A25000\"   DISABLED_style= \"max-width:90%; height:auto;\" > be the dollar value of car after 5 years.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P5=0.88%5E4%2A.7%2A25000=10494.67 ALIGN=MIDDLE  ALT=\"P5=0.88%5E4%2A.7%2A25000=10494.67\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "Step 6.  ANSWER:  The dollar value of the car after 5 years is $10,494.67.\r<BR>\n" );
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document.write( "I hope the above steps were helpful.\r<BR>\n" );
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document.write( "For FREE Step-By-Step videos in Introduction to Algebra, please visit http://www.FreedomUniversity.TV/courses/IntroAlgebra and for Trigonometry visit http://www.FreedomUniversity.TV/courses/Trigonometry.\r<BR>\n" );
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document.write( "And good luck in your studies!\r<BR>\n" );
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document.write( "Respectfully,<BR>\n" );
document.write( "Dr J\r<BR>\n" );
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document.write( "http://www.FreedomUniversity.TV\r<BR>\n" );
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