Avehicle purchased for $29,800 depreciates at a constant rate of 8%. determine the approximate value of the vehicle 11 years after purchase. round to the nearest whole dollar.

The value of the vehicle would be $ 11,909

Step-by-step explanation:

Given,

The original value of the vehicle, P = $29,800,

Rate of depreciation, r = 8% = 0.08

Time, t = 11 years,

Thus, the value of the car after 11 years,

= 11909.193861

≈ $ 11,909

2,600 divided by 80 = 32.5

step-by-step explanation: