A person purchased a used Chevrolet Cavalier for $4500. The car is expected to
decrease in value by 22% each year over
the next several years.
What would be the decay factor of a model
that would represent the value of the car?

£1,219.5

Step-by-step explanation

Original price of car = £4500,

If the car depreciates by 10% after first year

New price = 90% of 4500

New price = 0.9 * 4500

New price = £4050

Second year

Price = 90% of 4050

Price = 0.9 * 4050

Price = £3,645

Third year:

Price = 90% * £3,645

Price = 0.9 * £3,645

Price = £3,280.5

Decrease in value = £4500 -  £3,280.5 = 1,219.5

Hence the  value of the car would have decrease by  £1,219.5 after 3 years

Step-by-step explanation:

the answer is 11.2 (i know i’m late)