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29 November, 22:07

Tenika bought a new car at a cost of $29,000. The car decreases in value approximately 10% of its value each year. Find an equation to predict the value of the car and estimate the value of the car in 8 years

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  1. 29 November, 22:11
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    100-10=90

    so it is 90% of previous year amount

    A=29000 (0.9) ^t

    A=amount

    t=time in how many years

    so

    A=29000 (0.9) ^8 is in 8 years

    A=12483.55
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