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 $26,000 and the rate of depreciation is 20%, what will be the value of the car after 4 years? [Round to the nearest dollar.]
$10,650
$5,200
$20,800
$23,982
@sangya21

Answer 1

@Angelina_Vella

Answer 2

Put C = $26,000
r = 20
t = 4
so V = 26,000(1-20/100)4

Answer 3

wat?