Lydia bought a car for $20,000. it is expected to depreciate at a continuous rate. what will be the value of the car in 2 years? use k = 0.105 and round to the nearest dollar.

Step-by-step explanation:

we know that

The  formula to calculate the depreciated value  is equal to  

where  

V is the depreciated value  

P is the original value  

k is the rate of depreciation  in decimal  

x  is Number of Time Periods  

in this problem we have  

round to the nearest dollar

x/3-10=8

x/3=18

x=48