Alexis E.

asked • 05/24/18# If 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)

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Mark M.

05/24/18