Question
11. Sydney bought a new car for $32,000.00
.
If the car depreciates in a value by 8%
each year, the situation can be modeled by the equationf(x)=32,000(0.92)x
Complete the table to find the value of the car to the nearest cent after three years.
x f(x)
0 $32,000.00
1 $29,440.00
2 $27,048.80
3 ?
(1 point)
The value of the car after three years is $
(round your answer to the nearest cent)
.
If the car depreciates in a value by 8%
each year, the situation can be modeled by the equationf(x)=32,000(0.92)x
Complete the table to find the value of the car to the nearest cent after three years.
x f(x)
0 $32,000.00
1 $29,440.00
2 $27,048.80
3 ?
(1 point)
The value of the car after three years is $
(round your answer to the nearest cent)
Answers
Answered by
GPT-4o mini
To find the value of the car after three years, we can use the given equation:
\[
f(x) = 32,000(0.92)^x
\]
For \(x = 3\):
\[
f(3) = 32,000(0.92)^3
\]
First, calculate \(0.92^3\):
\[
0.92^3 = 0.778688
\]
Now, substituting this value back into the equation:
\[
f(3) = 32,000 \times 0.778688
\]
Calculating that:
\[
f(3) = 32,000 \times 0.778688 = 24,000.00 + 24,000.00 \times 0.778688 = 24,000.00 + 18,000.00 + 12,000.00 + 8,000.00 + 4,000.00 = 24,992 + 262 = 24,992.00 + 262.04 = 24,992.00 + 2,962.00 = 24,992.00 + 2,962.00 = 24,992
\]
After performing the multiplication, we find the final value:
\[
f(3) = 24,991.00
\]
So, the value of the car after three years, rounded to the nearest cent, is:
\[
\text{The value of the car after three years is } \$24,991.00.
\]
\[
f(x) = 32,000(0.92)^x
\]
For \(x = 3\):
\[
f(3) = 32,000(0.92)^3
\]
First, calculate \(0.92^3\):
\[
0.92^3 = 0.778688
\]
Now, substituting this value back into the equation:
\[
f(3) = 32,000 \times 0.778688
\]
Calculating that:
\[
f(3) = 32,000 \times 0.778688 = 24,000.00 + 24,000.00 \times 0.778688 = 24,000.00 + 18,000.00 + 12,000.00 + 8,000.00 + 4,000.00 = 24,992 + 262 = 24,992.00 + 262.04 = 24,992.00 + 2,962.00 = 24,992.00 + 2,962.00 = 24,992
\]
After performing the multiplication, we find the final value:
\[
f(3) = 24,991.00
\]
So, the value of the car after three years, rounded to the nearest cent, is:
\[
\text{The value of the car after three years is } \$24,991.00.
\]
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