Algebra Word Problem?

skylarskylar
in Science & Mathematics

A car is sold for $22,000. After one year, the value of the car is $16,500. Write an exponential function y to determine the value of the car after x years if the rate of decrease is the same each year.

Y = ?

Estimate the value of the car after 4 years. Round the answer to the nearest dollar.

$ = ?

Comments

  • sqdancefansqdancefan

    Y = 22,000*(16500/22000)^t

    Y = 22,000*(3/4)^t

    After 4 years,

    .. $ = 22,000*(3/4)^4

    .. $ = 6961

Sign In or Register to comment.