The value of a car purchased for $40,000 decreases at a rate of 12% per year. What will be the value of the car after 3 years? (1) $56197 (2) $25600 (3) $27259 (4) $35200

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 8E
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exponents and exponential functions
2. The value of a car purchased for $40,000 decreases at a rate of 12% per year. What will be the value of
the car after 3 years?
(1) $56197
(2) $25600
(3) $27259
(4) $35200
1049 PM
66%
1200/SL/
Transcribed Image Text:2. The value of a car purchased for $40,000 decreases at a rate of 12% per year. What will be the value of the car after 3 years? (1) $56197 (2) $25600 (3) $27259 (4) $35200 1049 PM 66% 1200/SL/
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