A car was purchased for $22,000 in 2012. The value of the car decreases annualy by 9%. This situation can be represented by the function f(x) = 22000(0.91)*. To the nearest dollar, how much will the car be worth in the B. year 2022?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 63SE: In the year 1985, a house was valued at 110,000. Bythe year 2005, the value hadappreciated to...
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A car was purchased for $22,000 in 2012.
The value of the car decreases annually by
9%. This situation can be represented by the
function f(x) = 22000(0.91)*. To the nearest
dollar, how much will the car be worth in the
3. year 2022?
Transcribed Image Text:A car was purchased for $22,000 in 2012. The value of the car decreases annually by 9%. This situation can be represented by the function f(x) = 22000(0.91)*. To the nearest dollar, how much will the car be worth in the 3. year 2022?
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