A new car purchased for $27,000 loses 15% of its value each year.

What is the multiplier?

Write a function of the form f (t) = abt that represents the situation.

At the current rate, what will be the value of the car in five years?

Question

Mathematics

Bentley Wilkerson

30 June, 11:12

A new car purchased for $27,000 loses 15% of its value each year.

What is the multiplier?

Write a function of the form f (t) = abt that represents the situation.

At the current rate, what will be the value of the car in five years?

+2

Answers (1)

Know the Answer?

Rachael Norton · Answer 1

Multiply 27,000 x. 85 (percentage of remaining value after 15% loss) raised to the 5th power (number of years) to get the answer

the value of the car in five years will be $ 11,980.04

A new car purchased for $27,000 loses 15% of its value each year.What is the multiplier?Write a function of the form f (t) = abt that represents the situation.At the current rate, what will be the value of the car in five years?

A new car purchased for $27,000 loses 15% of its value each year.

What is the multiplier?

Write a function of the form f (t) = abt that represents the situation.

At the current rate, what will be the value of the car in five years?