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OpenStudy (anonymous):
A car was originally purchased for $25,000. 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.
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OpenStudy (anonymous):
\[V = 25,000(0.7 + \frac{ 1 }{ m }) ^{t}\]
OpenStudy (anonymous):
If the car has been driven a total of 60,000 miles over a period of 3 years, what is its value?
OpenStudy (anonymous):
The answer choices are: A. $9,202.20 B. $13,616.78 C. $7,976.97 D. $12,016.55
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