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A car purchased for $10,000 depreciates in value by 10% per year. The car's value over time is modelled by the relation V = 10000(0.9), where V is its value in dollars, and t is the number of years since purchase. What is the value of the car after 6 years?

A car purchased for $10,000 depreciates in value by 10% per year. The car's value over time is modelled by the relation V = 10000(0.9), where V is its value in dollars, and t is the number of years since purchase. What is the value of the car after 6 years?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A car purchased for $10,000 depreciates in value by 10% per year. The car's value over time is modelled by the relation V = 10000(0.9)t, where V is its value in dollars, and t is the number of years since purchase. What is the value of the car after 6 years?
Transcribed Image Text:A car purchased for $10,000 depreciates in value by 10% per year. The car's value over time is modelled by the relation V = 10000(0.9)t, where V is its value in dollars, and t is the number of years since purchase. What is the value of the car after 6 years?
$5,314.41 O $10,000 $5,904.90 $4,782.97
Transcribed Image Text:$5,314.41 O $10,000 $5,904.90 $4,782.97
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