A certain vehicle loses 5% of its value each year. If the vehicle has an initial value of $24,742, construct a model that represents the value of the vehicle after a certain number of years. Use your model to compute the value of the vehicle at the end of 9 years.

asked by Aru

4 years ago

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1 answer

24742 (1 - .05)^y

plug in 9 for y

answered by R_scott

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Question

A certain vehicle loses 5% of its value each year. If the vehicle has an initial value of $24,742, construct a model that represents the value of the vehicle after a certain number of years. Use your model to compute the value of the vehicle at the end of 9 years.

1 answer

24742 (1 - .05)^y

plug in 9 for y

R_scott · Answer

24742 (1 - .05)^y plug in 9 for y