Question

A car is purchased for . After each year, the resale value decreases by . What will the resale value be after years?

Answer 1

without even numbers:

the general forumla would be:

Value = InitialValue*e^(-rate*t)

e is the exponential function and t is the time elapsed in years.

Answer 2

rate would be the rate at which the value decreases per year

Answer 3

You didn't copy that right, Mirza.

Answer 4

A car is purchased for $18,500 . After each year, the resale value decreases by 25% . What will the resale value be after 4 years?

Answer 5

25% = 25/100 = 0.25

plug in the values :)

Answer 6

let me know