Mike D. answered • 05/07/21
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You need to know the depreciation (how much does the value of the car go down each year eg 6% ) ?
Also what's the value of the car now
How much profit does he want to make ? 5% ? 10 % ?
Numbers are needed here, otherwise it's impossible to answer this
Mike D.
(1) 8000 x (1.05)^n (2) n=0 so 8000 (3) value of car at start (4) no, as value increases each year (5) done (6) y >= 8000 (7) 8000 x (1.05)^10 - 8000 x (1.05) ^ 5
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05/07/21
Wilson O.
I'm sorry I didn't want them to do so much work 1- Marvin bought a 1965 Ford Mustang for $ 8,000. After you buy the car, its value increases by 5% per year. He writes the question to find the value, y, of the car x years after its purchase. 2- If you wanted to graph your equation for part a, would it be the y-intercept? 3- explain what the y-intercept is in context 4- Will the value of the car be less than $ 8,000? 5-explain your reasoning for your answer in the pact (c) 6- Using your answer from part c, write an inequality to describe the range. 7- If Marvin plans to sell his car in the future for a profit, how much more money will he make if he sells the car in 10 years than if he sells it in 5 years? What was the value after 5 years? What was the value after 10 years? Answer "How much more money will he make if he sells the car in 10 years than if he sells it in 5 years?" Write this answer as complete sentences.05/07/21