Asia Riley

Mathematics

17 January, 01:30

An equation for the depreciation of a car is given by y = A (1 - 1) ', where y = current value of the car, A = original cost, r = rate

of depreciation, and t = time, in years. The current value of a car is $12,282.50. The car originally cost $20,000 and

depreciates at a rate of 15% per year. How old is the car?

2 years

3 years

3 years

4 years