Car Depreciation

Question

the value of a $25801 car decreases by 24% each year due to depreciation, how much will the car be worth after 14 years?

Answer 1

V(t) = 25,801(0.76)^t will give the car's value after t years; calculate V(14).  Do you see why the 0.76 is the base of this exponential?

Warning: it's going to be a low value!