a new car is purchased for 20700 dollars. the value of the car depreciates at 13.75% per year. what will the…

a new car is purchased for 20700 dollars. the value of the car depreciates at 13.75% per year. what will the value of the car be, to the nearest cent, after 12 years?

a new car is purchased for 20700 dollars. the value of the car depreciates at 13.75% per year. what will the value of the car be, to the nearest cent, after 12 years?

Answer

Explanation:

Step1: Identificar la fórmula de depreciación

La fórmula de depreciación es $A = P(1 - r)^t$, donde $P$ es el valor inicial, $r$ es la tasa de depreciación (en decimal) y $t$ es el tiempo en años.

Step2: Convertir la tasa de depreciación a decimal

$r=13.75% = 0.1375$, $P = 20700$ y $t = 12$.

Step3: Sustituir valores en la fórmula

$A=20700\times(1 - 0.1375)^{12}$.

Step4: Calcular la expresión dentro del paréntesis

$1-0.1375 = 0.8625$.

Step5: Calcular la potencia

$(0.8625)^{12}\approx0.18777$.

Step6: Multiplicar por el valor inicial

$A = 20700\times0.18777\approx3886.84$.

Answer:

$3886.84$