document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=37116>Question 37116</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please solve the following word problem and show all work.\r<BR>\n" );
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document.write( "Steven found that the value of his new car ic currently $31,200, but us expected to depreciate 6.9% per year. Based on the rate of depreciation and using the general formula for exponential decay, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y=+c%281+-+r%29%5Et ALIGN=MIDDLE  ALT=\"y=+c%281+-+r%29%5Et\"   DISABLED_style= \"max-width:90%; height:auto;\" > , find the value of his car in 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 #22806 by </B><A HREF=/tutors/aboutme.mpl?userid=mbarugel><B>mbarugel(146)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mbarugel><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=22806\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Hello!<BR>\n" );
document.write( "In order to solve this, we only need to apply the formula you supplied. In your formula:\r<BR>\n" );
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document.write( "y = Value of depreciated asset (unknown)<BR>\n" );
document.write( "c = Initial value of asset ( = $31,200)<BR>\n" );
document.write( "r = Depreciation Rate ( = 6.9% = 0.069)<BR>\n" );
document.write( "t = Number of years of depreciation\r<BR>\n" );
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document.write( "So we apply it:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y+=+31200%281+-+0.069%29%5E5+=+21822.42 ALIGN=MIDDLE  ALT=\"y+=+31200%281+-+0.069%29%5E5+=+21822.42\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "SO the value of the car after 5 years is $21,822.42\r<BR>\n" );
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document.write( "I hope this helps!<BR>\n" );
document.write( "Get more answers at <a  rel=nofollow HREF=http://www.onlinemathanswers.com>Online Math Answers.com</a>!<BR>\n" );
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