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 .
Answers
GPT-4o mini
To determine the initial amount and the common ratio for the depreciation of the car, let's break it down:
1. **Initial Amount**: The initial value of the car is given as $10,000.
2. **Common Ratio**: Since the car loses 15% of its value each year, that means it retains 85% of its value (100% - 15% = 85%). In decimal form, this is 0.85. Therefore, the common ratio for this problem is 0.85.
In summary:
- The initial value is **$10,000**
- The common ratio is **0.85**
1. **Initial Amount**: The initial value of the car is given as $10,000.
2. **Common Ratio**: Since the car loses 15% of its value each year, that means it retains 85% of its value (100% - 15% = 85%). In decimal form, this is 0.85. Therefore, the common ratio for this problem is 0.85.
In summary:
- The initial value is **$10,000**
- The common ratio is **0.85**