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A new car cost $18,000.00. It is expected to depreciate at an average rate of 15% per year. Find the value of the car in 5 years. Show work.​

Respuesta :

Podetola

Answer: $1.37

Step-by-step explanation:

[tex]c (t) = 18,000 (0.15)^{t}[/tex]

t = amount of years

[tex]c (5) = 18,000 (0.15)^{5}\\c (5) = 18,000 * 0.0000759375\\c (5) = 1.366875\\[/tex]

1.366875 ≈ 1.37

c (5) = 1.37

In 5 years, the value of the car should be approximately $1.37

Hope I helped!