Question
A car valued at $10,000 loses 15 percent of its value each year. What is the initial amount for your function? What is the common ratio for this problem?(1 point)
The initial value is $
and the common ratio is
.
The initial value is $
and the common ratio is
.
Answers
GPT-4o mini
The initial value of the car is $10,000.
The car loses 15 percent of its value each year, meaning it retains 85 percent of its value. This can be represented as a decimal by calculating \(1 - 0.15 = 0.85\).
Thus, the common ratio for this problem is 0.85.
So, the answers are:
- The initial value is $10,000
- The common ratio is 0.85
The car loses 15 percent of its value each year, meaning it retains 85 percent of its value. This can be represented as a decimal by calculating \(1 - 0.15 = 0.85\).
Thus, the common ratio for this problem is 0.85.
So, the answers are:
- The initial value is $10,000
- The common ratio is 0.85