Question
Cassandra bought a car for 22,385. The value depreciates 14% a year.
a. Write a function, d(x), that gives the value of the car after x years.
b. What will the value of Cassandra's car be after 10 years
a. Write a function, d(x), that gives the value of the car after x years.
b. What will the value of Cassandra's car be after 10 years
Answers
Henry
a. V = C - C*(1-r)^t.
V = Value.
C = Cost.
r = Depreciation rate.
T = Time in years.
b. V = 22,385(0.86)^10 =
V = Value.
C = Cost.
r = Depreciation rate.
T = Time in years.
b. V = 22,385(0.86)^10 =
Henry
a. Correction: V = C(1-r)^t.