Mathematics, 20.10.2020 21:01 jaygamer37
You purchase a car in 2010 for $25,000. The value of the car decreases by 14% annually. Describe and correct the error in finding the value of the car in 2015.
v(t) = 25,000(1.14)^x
v(5) = 25,000(1.14)^5 = 48,135
The value of the car in 2015 is about $48,000.
Part A: Describe the error
Part B: Correct the error
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