Mathematics, 29.01.2020 08:59 leyslebravo2729
Acar cost $20,000 when it was purchased. the value of the car decreases by 8% each year. find the rate of decay each month and select the correct answer below. −0.006924% −0.006667% −0.7% −0.0081%
Answers: 2
![\frac{18,400}{20,000}^{\frac{1}{12} } =[(1-r)^{12}]^{\frac{1}{12}}](/tpl/images/0481/2880/196c5.png)
![r=1-\sqrt[12]{\frac{18,400}{20,000}}](/tpl/images/0481/2880/68bfc.png)
![r=1-\sqrt[12]{0.92}\\r=1-0.993076\\r= -0.006924](/tpl/images/0481/2880/801f3.png)
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Acar cost $20,000 when it was purchased. the value of the car decreases by 8% each year. find the ra...
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