SOLUTION: The value of a car depreciates 10% every year. It is valued @ $25,000 when it is brand new. Write a function for the value of the car. Assign variables.
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Question 960837: The value of a car depreciates 10% every year. It is valued @ $25,000 when it is brand new. Write a function for the value of the car. Assign variables. Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! The value of a car depreciates 10% every year. It is valued @ $25,000 when it is brand new. Write a function for the value of the car. Assign variables.
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Each year it is worth 90% of it's last year's value.
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V(x) = 25000*0.9^x
V is value
x is number of years
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Cheers,
Stan H.
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