if a famous super car is valued at $4,119,169.32 and it is depreciating at a rate 6.2% each year, how much will it be worth in 6 years? round to the nearest hundredth

Respuesta :



To calculate the value of the supercar in 6 years, we can use the formula for exponential decay:

Final value = Initial value × (1 - decay rate)^(number of years)

Plugging in the given values:

Final value = $4,119,169.32 × (1 - 0.062)^6

Final value ≈ $4,119,169.32 × (0.938)^6

Final value ≈ $4,119,169.32 × 0.6895

Final value ≈ $2,839,575.55

So, the supercar will be worth approximately $2,839,575.55 in 6 years.


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