An automobile is depreciating at 11% per year every year. A $30,000 car depreciating at this rate can be modeled by the equation V(t) = 30,000(0.89). What is an equivalent equation for this vehicle at a daily depreciation, and what is it worth (rounded to the nearest dollar) 5 years after purchase? O 30,000(0.89) 365t, $16,752 O 30,000(0.9997)*, $29,955 O 30,000(0.9997) 365t, $17,350 O 30,000(1.00026)365, $48, 213
An automobile is depreciating at 11% per year every year. A $30,000 car depreciating at this rate can be modeled by the equation V(t) = 30,000(0.89). What is an equivalent equation for this vehicle at a daily depreciation, and what is it worth (rounded to the nearest dollar) 5 years after purchase? O 30,000(0.89) 365t, $16,752 O 30,000(0.9997)*, $29,955 O 30,000(0.9997) 365t, $17,350 O 30,000(1.00026)365, $48, 213
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 18T
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