document.write( "Question 976814: Doug bought a new car for $25,000. He estimates his car will depreciate, or lose value, at a rate of 20% per year. The value of his car is modeled by the equation V = P(1 – r)t, where V is the value of the car, P is the price he paid, r is the annual rate of depreciation, and t is the number of years he has owned the car. According to the model, what will be the approximate value of his car after years? \n" ); document.write( "
Algebra.Com's Answer #598310 by FrankM(1040)\"\" \"About 
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yes,\r
\n" ); document.write( "\n" ); document.write( "\"V=P%281-r%29%5Et\"\r
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\n" ); document.write( "\n" ); document.write( "\"V=25000%281-.2%29%5Et\"\r
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\n" ); document.write( "\n" ); document.write( "\"V=25000%28.8%29%5Et\"\r
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\n" ); document.write( "\n" ); document.write( "That's it. You did not say how many years.
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