Question

Question

Answer 1

https://gyazo.com/9421b069f322629e6f4d2f437598dda0

@mathmale

Answer 2

.25^4x24000?

Answer 3

You need to follow the model that satellite73 gave you. When your money was earning 4.5% interest, you used the base (1.045). Now, the value is going DOWN. Use the base (1.00-0.25), or (0.75).

Answer 4

find 24000(0.75)^4

Answer 5

$7594

Answer 6

and be certain that you know where each of those numbers comes from.
$24,000=initial value of the car
0.75: base
4: number of years

Answer 7

Does your answer seem reasonable?

Answer 8

Car was worth $24,000 at the onset, but after 4 years is worth $7,594. Reasonable or not?

Answer 9

Yes

Answer 10

Yes. You are correct. Congrats. I do have to get off the 'Net now, as explained earliler.

Answer 11

It was correct :) Thank you for your help :) I really appreciate it

Answer 12

My pleasure!!