A car decreases in value after a given number of years. The following function represents the value of the car in dollars with respect to its age, x, in years: f(x)=35,000(.85)x

. Use the input-output table to determine the value of the car after 5 years. Round your answer to the nearest cent.

(1 point)
Rounded to the nearest cent, after 5 years, the value of the car will equal $

1 answer

To find the value of the car after 5 years using the function \( f(x) = 35,000 \times (0.85)^x \), we need to evaluate the function at \( x = 5 \).

Substituting \( x = 5 \) into the function:

\[ f(5) = 35,000 \times (0.85)^5 \]

Now, we calculate \( (0.85)^5 \):

\[ (0.85)^5 \approx 0.443705 \]

Next, we multiply this value by 35,000:

\[ f(5) = 35,000 \times 0.443705 \approx 15529.675 \]

Finally, we round this value to the nearest cent:

\[ f(5) \approx 15529.68 \]

Thus, after 5 years, the value of the car will equal $15,529.68.