Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Explore thousands of questions and answers from a knowledgeable community of experts on our user-friendly platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

the value of a car is $18,000 and is depreciating 6% each year. What will the value of the car be in 7 years?
y=a(b)x

Sagot :

mhanifa

Answer:

  • $11672.60

Step-by-step explanation:

Given:

  • Initial value a = $18000
  • Rate of depreciation  6% or b = 1 - 0.06 = 0.94
  • Time x = 7 years

Find the value of the car in 7 years:

  • y = abˣ
  • y = 18000*0.94⁷ = 11672.60
Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.