Answer
No.
Work Step by Step
The given values are
Initial value $=\$20,000$.
Growth factor $=1-0.20=0.80$.
Time period $x=6\;yr$.
The value after $6\;yr$ is
$=20,000 \cdot (0.80)^6$
Simplify.
$=5242.88$
Hence, they can't sell it for $\$4000$.
Algebra 1: Common Core (15th Edition)
by Charles, Randall I.
Published by
Prentice Hall
ISBN 10:
0133281140
ISBN 13:
978-0-13328-114-9
Chapter 7 - Exponents and Exponential Functions - 7-7 Exponential Growth and Decay - Practice and Problem-Solving Exercises - Page 465: 33
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