Question

Sydney bought a new car for $32,000.00. If the car depreciates in value by 8% each year, the situation can be modeled by the equation f(x)=32,000(0.92)x. Complete the table to find the value of the car to the nearest cent after three years.

The value of the car after three years is $ ______.

(1 point)
Responses

$32,000.00
$32,000.00

$24,918.02
$24,918.02

$24,440.00
$24,440.00

$27,048.80
$27,048.80

Answer 1

f(3) = 32,000 × (0.92)^3 = 32,000 × 0.778688 = 24,918.016 → $24,918.02

So the value after three years is $24,918.02.