Asked by alphonso deverny
The formula for the value of a car, C, after t years of depreciation of its initial value v at a rate of r is C=v(1−r)^t
How can you rearrange the given formula to find the correct initial value, v, of the car?
How can you rearrange the given formula to find the correct initial value, v, of the car?
Answers
Answered by
Reiny
one step, divide by (1−r)^t , so
v = C/(1−r)^t
v = C/(1−r)^t
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