stacy buys a used car for $22,000. if the value of the car depreciates by 18% every year, what is the value…

stacy buys a used car for $22,000. if the value of the car depreciates by 18% every year, what is the value of the used car after 9 years? remaining amount = ?(1 - )^ remaining amount = i(1 - r)^t enter the number that belongs in the green box.

stacy buys a used car for $22,000. if the value of the car depreciates by 18% every year, what is the value of the used car after 9 years? remaining amount = ?(1 - )^ remaining amount = i(1 - r)^t enter the number that belongs in the green box.

Answer

Explanation:

Step1: Identify the initial - value formula

The formula for depreciation is $Remaining\ Amount = I(1 - r)^t$, where $I$ is the initial value, $r$ is the rate of depreciation, and $t$ is the time in years.

Step2: Determine the value for the green - box

In the formula $Remaining\ Amount = I(1 - r)^t$, the green - box represents the initial value $I$. The initial value of the car is the price Stacy paid for it, which is $$22000$.

Answer:

$22000$