document.write( "Question 102396This question is from textbook Calulus: Single Variable
\n" ); document.write( ": I am given that a new car costs 30,000 and loses 14% of value each year and a old two-year car costs 300$ in repair and increases by 16% each subsequent year. Find the total cost of owning a new car for three year and find the total cost of owing a two-year old car for three years. \n" ); document.write( "

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am given that a new car costs 30,000 and loses 14% of value each year and a old two-year car costs 300$ in repair and increases by 16% each subsequent year. Find the total cost of owning a new car for three year and find the total cost of owing a two-year old car for three years.
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\n" ); document.write( "New Car Formula:
\n" ); document.write( "C(t) = 30,000(1-0.14)^t
\n" ); document.write( "C(3) = 30000(0.86)^3 =$19081.68
\n" ); document.write( "----------------
\n" ); document.write( "Old Car Formula:
\n" ); document.write( "Let value of the old car now be \"x\"
\n" ); document.write( "C(t) = x(1.16t)-300t
\n" ); document.write( "C(3) = 3.48x -900
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H. \n" ); document.write( "

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