5. A car depreciates (loses value) at the rate of 20% per year. A specific car originally costs $20,000. a. Write an equation that models the value of the car. b. How much is the car worth is 5 years? c. How much is the car worth in 10 years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 3SE: The Oxford Dictionary defines the word nominal asa value that is “stated or expressed but...
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5. A car depreciates (loses value) at the rate of 20% per year. A specific car originally costs $20,000.
a. Write an equation that models the value of the car.
b. How much is the car worth is 5 years?
c. How much is the car worth in 10 years?
Transcribed Image Text:5. A car depreciates (loses value) at the rate of 20% per year. A specific car originally costs $20,000. a. Write an equation that models the value of the car. b. How much is the car worth is 5 years? c. How much is the car worth in 10 years?
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