document.write( "Question 1025988: Vanessa bought a car for $20,000 . It is expected to depreciate at a continuous rate. What will be the value of the car in 2 years? Use K - .105. The answer should be $16,212.00 I think but I need to see the how or steps. Thanks.
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Algebra.Com's Answer #641291 by MathTherapy(10553) $\"\"$ $\"About$

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Vanessa bought a car for $20,000 . It is expected to depreciate at a continuous rate. What will be the value of the car in 2 years? Use K - .105. The answer should be $16,212.00 I think but I need to see the how or steps. Thanks.
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Use the continuous compounding formula: , where:
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document.write( "A = Value in t years
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document.write( "P = Original value
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document.write( "e = 2.71828.......
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document.write( "r = rate of depreciation, which in this case, is: K = - .105
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document.write( "t = time in years\r
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document.write( "Therefore,  becomes: 
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document.write( "Depreciated value in 2 years, or  \n" );
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