
Yefim S. answered 04/23/21
Tutor
5
(20)
Math Tutor with Experience
P(x) = 25000·0.92x; P(14) = 25000·0.9214 = $7780
Cristal M.
asked 04/23/21A vehicle purchased for $25,000 depreciates at a constant rate of 8%. Determine the approximate value of the vehicle 14 years after purchase. Round to the nearest whole dollar.
Yefim S. answered 04/23/21
Math Tutor with Experience
P(x) = 25000·0.92x; P(14) = 25000·0.9214 = $7780
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