Anew car is purchased for 17000 dollars. the value of the car depreciates at 12.25% per year. what will the value of the car be, to the nearest cent, after 14 years?

Step-by-step explanation:

for this case we have the following model for the cost of the car:

Where is the initial amount on this case 17000, t the amount of years after the initial year and r the depreciation rate on this case:

And for t =14 we can replace into the equation and we got:

i found two solutions,   n = 2 • ± √3 = ± 3.4641

step-by-step explanation:

17

step-by-step explanation: