A car sells for $5000 and loses 1/10 of its value each year.

Question

Write a function that gives the car's value, V(t), t years after it is sold.

Answer 1

The formula for the car's value after t years can be given by:
V(t) = $5000 * (1 - t/10)

So, the function that gives the car's value t years after it is sold would be:
V(t) = $5000 * (1 - t/10)