Answered

the value of a car is $18,000 and is depreciating 6% each year. What will the value of the car be in 7 years?
y=a(b)x

Answer :

MHANIFAGO

Answer:

  • $11672.60

Step-by-step explanation:

Given:

  • Initial value a = $18000
  • Rate of depreciation  6% or b = 1 - 0.06 = 0.94
  • Time x = 7 years

Find the value of the car in 7 years:

  • y = abˣ
  • y = 18000*0.94⁷ = 11672.60

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