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29 March, 00:53

A new car purchased for $27,000 loses 15% of its value each year.

What is the multiplier?

Write a function of the form f (t) = abt that represents the situation.

At the current rate, what will be the value of the car in five years?

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  1. 29 March, 01:00
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    Multiply 27,000 x. 85 (percentage of remaining value after 15% loss) raised to the 5th power (number of years) to get the answer

    the value of the car in five years will be $ 11,980.04
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