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2 years ago

7

Kelly bought a new car for $20,000. The car depreciates at a rate of 10% per year. Write an equation to model the car’s value. U

se your equation to determine the value of the car six years after Kelly purchased it

1 answer:

Citrus2011 [14]2 years ago

5 0

Answer:

P=P'(1-R/100)^T

Where P = Final price

P'=Initial price

T=Time

R=Rate of Depreciation.

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We are given the following information in the question:

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