One model for car depreciation is as follows, where C is the original cost, V is the value of the car after t years, and r is the rate of depreciation.

V = C(1 - r)t

If the original cost of the car was $28,000 and the rate of depreciation is 15%, what will be the value of the car after 7 years? [Round to the nearest dollar.]
$23,800
$25,189
$4,200
$8,976
@SolomonZelman

Question

One model for car depreciation is as follows, where C is the original cost, V is the value of the car after t years, and r is the rate of depreciation.

V = C(1 - r)t

If the original cost of the car was $28,000 and the rate of depreciation is 15%, what will be the value of the car after 7 years? [Round to the nearest dollar.]
$23,800
$25,189
$4,200
$8,976
@SolomonZelman

solomonzelman · Answer

$\large\color{black}{   V = C(1 - r)^t   }$

swaqqout_kid1 · Answer

hold on i will be bac in a min

godlovesme · Answer

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my hand writhing doe :P