EM-1982

Exponential graphs

E Math · Secondary 4 · Medium · Exponential graphs

A car is bought for \$48 000. Its value depreciates by 15% each year. The value,

V

dollars, after

t

years is given by

V = 48000(0.85)^t

.

What is the value of the car after 3 years, correct to the nearest dollar?

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