document.write( "Question 935652: 1. The value of a new car decreases exponentially. Suppose you buy a new car for $32,000, and the value of the car decreases at a rate of 20% per year. Find the value of the car after 5 years. Round the answer to the nearest thousand dollars.
\n" ); document.write( "So i wrote down that P is 32000, R is 20 and T is 5 in the A=Pe^rt equation. A=32000(1-20*5) I dont know how to do the rest.
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Algebra.Com's Answer #568911 by TimothyLamb(4379) $\"\"$ $\"About$

You can put this solution on YOUR website!
depreciation formula:
\n" ); document.write( "v = c(1-r)^t
\n" ); document.write( "where:
\n" ); document.write( "v = future value
\n" ); document.write( "c = current value
\n" ); document.write( "r = depreciation rate per period
\n" ); document.write( "t = number of periods
\n" ); document.write( "---
\n" ); document.write( "v = 32000*(1-0.20)^5
\n" ); document.write( "v = 10485.76
\n" ); document.write( "---
\n" ); document.write( "answer:
\n" ); document.write( "the car will be worth: $10485.76 after five years ...
\n" ); document.write( "rounding to the nearest thousand dollars, $10000
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