Mathematics: Anew car is purchased for 15500 dollars. the value of the car depreciates at 7.5% per year. what will the value of the car be, to the nearest cent, after 6 years?

18y^2+14y-16, use long division and start with 18y^2...

Anew car is purchased for 15500 dollars. the - id155001179883, matthewt894

innocentman69

14.03.2022

$\$9,709.17$

Step-by-step explanation:

we know that

The formula to calculate the depreciated value is equal to

$V=P(1-r)^{x}$

where

V is the depreciated value

P is the original value

r is the rate of depreciation in decimal

x is Number of Time Periods

in this problem we have

$P=\$15,500\\r=7.5\%=0.075\\x=6\ years$

substitute

$V=\$15,500(1-0.075)^{6}=\$9,709.17$

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