1. The value of a car depreciates at a rate of 12% per year. If its original cost is $12,000.00, what will be its value after 3 years?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
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1. The value of a car depreciates at a rate of 12% per year. If its original cost is $12,000.00, what will be its value after 3 years?

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