A new car is purchased for 20000 dollars.The value of the cat depreciates at 12.5% per year.What will the value of the car be, to the nearest cent, after 11 years?

Answer:

$460.38

Step-by-step explanation:

Use the exponential decay formula, y = C(1 – r)^t

Plug in the original price, depreciation rate, and amount of time:

y = 20000(0.875)^11

y = 460.38

So, the car’s value after 11 years will be $460.38

Answer:$460.38

Step-by-step explanation:Use the exponential decay formula,

y = C(1 – r)^tPlug in the original price, depreciation rate, and amount of time:y = 20000(0.875)^11

y = 460.38

So, the car’s value after 11 years will be

$460.38