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The original value of a car Is $15,000 and it depreciates (loses value) by 20% each year what is the value of the car after three years

Respuesta :

irspow
This is an exponential decay function of the form:

y=ab^x, In this case:

y=15000(0.8^t)  so for t=3

y=15000(0.8^3)

y=$7680
playerawesome1
15000(0.8)^3

15000(0.512)

7,680

The value of the car would be $7,680

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