Asked by kaylynn

Car depreciation- The value of a new car purchased for $20,000 decreases by 10% per year. Write an exponential decay model for the value of the car. Use the model to estimate the value after one year.
Answered by Anonymous
Just like the one I did for you below
x = 20,000 e^0.9 t
Answered by Sharon
The value of a new car decreases 35% during the first year. Mr. LeMarr paid $25600 for a new car. The value of the car at the end of the first year is what? The answer is $10 140. I calculated $8960. I don"t understand how the answer is $10140. Thanks.
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