One model for car depreciation is as follows, where Cis the original cost, Vis the value of the car after tyears, and ris the rate
of depreciation
V= (1-1)
If the original cost of the car was $21,000 and the rate of depreciation is 15%, what will be the value of the car after 5 years?
[Round to the nearest dollar.]
A. $17,850
B. $3,150
C. $9,318
D. $19,472​

Answers

Answer 1

Given:

Original cost of car = $21000

Rate of depreciation = 15% = 0.15

Time = 5 years

To find:

The value of car after 5 years.

Solution:

Consider the model for car depreciation is

[tex]V=C(1-r)^t[/tex]

where,  C is the original cost, V is the value of the car after t years, and r is the rate  of depreciation.

Substitute C=21000, r=0.15 and t=5 in the above model.

[tex]V=21000(1-0.15)^5[/tex]

[tex]V=21000(0.85)^5[/tex]

[tex]V=21000(0.4437)[/tex]

[tex]V=9317.7[/tex]

[tex]V\approx 9318[/tex]

The value of car after 5 years is $9318. Therefore, the correct option is C.


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Step-by-step explanation:

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Answer:

[tex]the \: \: answer \: \: of \: \: this \: \: question \: \: is \: \:1 \frac{17}{25} [/tex]

A. 1 17/25 is the correct answer of this question.

Thank you ☺️☺️

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Answers

Answer:

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The slope of line CD​ is = -3/2

What are Perpendicular lines?

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Answer:

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Answer:

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Step-by-step explanation:

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Answer:

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Sample response :)

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Most ancient societies had symbols to represent numbers, but they did not have symbols to represent operations or unknown quantities. Thus, the problems and solutions to the problems had to be written in word form.

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Answer:

Step-by-step explanation:

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