SOLUTION: A car purchased for $20,000 depreciates annually at a rate of 13% a)write an equation that models the value of the car V(t) = 20000*0.87^t ----------- ----------- -- b)predic

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: A car purchased for $20,000 depreciates annually at a rate of 13% a)write an equation that models the value of the car V(t) = 20000*0.87^t ----------- ----------- -- b)predic      Log On


   

Question 175723: A car purchased for $20,000 depreciates annually at a rate of 13%
a)write an equation that models the value of the car
V(t) = 20000*0.87^t
--------------------------
b)predict the value of the car after 6 years
V(6) = 20000*0.87^6 = $8672.52
====================================
Cheers,
Stan H.
Found 2 solutions by stanbon, Mathtut:
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
A car purchased for $20,000 depreciates annually at a rate of 13%
a)write an equation that models the value of the car
V(t) = 20000*0.87^t
--------------------------
b)predict the value of the car after 6 years
V(6) = 20000*0.87^6 = $8672.52
====================================
Cheers,
Stan H.

Answer by Mathtut(3670) About Me  (Show Source):