Answer:
The value of car after 12 years is $ 2982.92
Solution:
Given that,
A new car is purchased for 17000 dollars
The value of the car depreciates at 13.5% per year
To find: Value of car after 12 years
The decreasing function is given as:
Where,
y is the future value
a is the initial value
r is the decreasing rate in decimal
t is the number of years
From given,
Substituting the values we get,
Thus value of car after 12 years is $ 2982.92
Step-by-step explanation:
