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Sara bought a used car for $10,000. She learned from online that the value of a car depreciated 15% per year. What is the formula for the value of Sam's car after t years? Also, what would be the value of Sam's car in 5 years?

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devishri1977

Answer:

Step-by-step explanation:

Value of Sam's car after t years =

=[tex]=10000*(1-\frac{15}{100})^{t}\\\\=10000*(\frac{85}{100})^{t}\\\\=10000*(0.85)^{t}[/tex]

Value of Sam's car in 5 years=

[tex]=10000*(0.85)^{5}\\\\=10000*0.4437\\\\[/tex]

= $ 4437

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