Question

For each problem below show your work and write your answer in a complete sentence.
1) A car depreciates or loses value at the rate of 20% per year. If the car originally cost $20,000, the depreciation can be modeled by the equation y = 20,000(0.8)^t, where y is the depreciation and t is the time in years. Find the value of the car at the end of 2 years.

Answer 1

20,000(0.8)^2
12,800