Asked by Munna

Harper buys a car in 2007 for $20000. Each year,the car decreases in value by 18%. How much will the car be worth in 2012? round to the nearest cent
Is the common ratio 0.18? If not please help me

Answers

Answered by Reiny
No
Think of how you would obtain the next term
you could take .18 of the previous term and subtract or just take .82 of it

so the sequence is:
20000 , 20000(.82), 20000(.82)^2 , ....
so r = .82

I am sure you can now answer the question
There are no AI answers yet. The ability to request AI answers is coming soon!

Related Questions