
Alexis E.
asked 05/24/18If a new car cost $25,000 and the rate od depreciation is 8% per year. Write an equation that models the cost of a new car
system of Linear Inequalities
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1 Expert Answer
If you take off 8%, you have 92% of the previous value. One year later, it'll be 25,000(0.92).
Another year. 92% of that. 25,000(0.92)(0.92)
Etc, etc.
So, if t = the number of years...
c(t) = 25,000(0.92)t
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Mark M.
05/24/18