Question
A car's value is declining exponentially. the car is currently 3 years old and has a value of$18000. The car sold for$26000 brand new. how much will the car be worth 5 years from now.
Answers
AJ L
Make an equation:
26000*x^3=18000
x^3=9/13
x is the cube root of 9/13
Plug in the values:
26000*(cube root of 9/13)^5 is around $14086.57
26000*x^3=18000
x^3=9/13
x is the cube root of 9/13
Plug in the values:
26000*(cube root of 9/13)^5 is around $14086.57