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Mathematics 10 Online
OpenStudy (anonymous):

A car was originally purchased for $15,000. The following equation gives the car's value when it has been driven a total of m thousand miles over a period of t years. V=$15,000(0.7 + 1/m) ^t If the car has been driven a total of 50,000 miles over a period of 3 years, what is its value? A. $4,716.48 B. $8,270.52 C. $5,598.72 D. $7,118.28

OpenStudy (anonymous):

the answer is C. since the question says "m thousand mile, divide 50000 by 1000 when substituting it in the equation

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