As a car ages, its value decreases. The value of a particular car with an original purchase price of $27,000 is modeled by the following function, where c is the value at time t, in years. c(t) = 27,000(1-0.23) a. What is the value of the car when it is 3 years old? The value of the car after 3 years is $1232✔ b. What is the total depreciation amount after 4 years? After 4 years, the total depreciation amount is $

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A: Step 1: Step 2: Step 3: Step 4:

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A: We will find which formula is appropriate and what should be the next logical step as following.