1. Tony buys a car for $65,000. He knows that it will depreciate at a rate of 18% per year. How much will the car be worth after 4 years?
1. Tony buys a car for $65,000. He knows that it will depreciate at a rate of 18% per year. How much will the car be worth after 4 years?
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 65SE: Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount...
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![1. Tony buys a car for $65,000. He knows that it
will depreciate at a rate of 18% per year. How
much will the car be worth after 4 years?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd5986c53-89d8-485d-a238-f86659e0f504%2F1bd03b31-5b3d-4582-8a2f-54d51eea2359%2Fv8c3pac_processed.png&w=3840&q=75)
Transcribed Image Text:1. Tony buys a car for $65,000. He knows that it
will depreciate at a rate of 18% per year. How
much will the car be worth after 4 years?
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