Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Discover a wealth of knowledge from experts across different disciplines on our comprehensive Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Naomi's car exponentially depreciates at a rate of 8% per
year. If Nina bought the car when it was 4-years old for $16,500, what was
the approximate original price of the car?

Sagot :

MrRoyal

The approximate original price of the car is $23032

How to determine the original price?

The given parameters are:

Rate, r = 8%

Price at 4 years old = 16,500

An exponential function is represented as:

y = a(1 - r)^x

Where a represents the initial value

This gives

y = a(1 - 8%)^x

Evaluate

y = a(0.92)^x

At 4 years old, we have:

16500 = a(0.92)^4

Divide both sides by (0.92)^4

a = 23032

Hence, the approximate original price of the car is $23032

Read more about exponential function at:

https://brainly.com/question/11464095

#SPJ1

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.