A car purchased for $10,000 depreciates in value by 10% per year. The car's valueover time is modelled by the relation V = 10000(0.9)t, where V is its value indollars, and t is the number of years since purchase. What is the value of the carafter 6 years? $5,314.41O $10,000$5,904.90$4,782.97

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Answered: A car purchased for $10,000 depreciates…

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), 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?