Algebra 1

Published by Prentice Hall
ISBN 10: 0133500403
ISBN 13: 978-0-13350-040-0

Chapter 7 - Exponents and Exponential Functions - 7-7 Exponential Growth and Decay - Practice and Problem-Solving Exercises - Page 460: 33

Answer

No, because the value of the car would be about $5242, which means they would be selling the car for less than it was worth.

Work Step by Step

The equation for determining the car's value will look like this: f(x) = 20,000(1-0.2)$^{x}$ To find how much the car would be worth after years, plug in 6 for x: f(x) = 20,000(1-0.2)$^{x}$ f(6) = 20,000(1-0.2)$^{6}$ f(6) = 20,000(0.8)$^{6}$ f(6) = 20,000(0.262144) f(6) = 5242.88 $\approx$ $5243
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.