Automobiles start losing value, or depreciating, as soon as they leave the car dealership. Five years ago, a family purchased a new car that cost $16,490.   If the car lost 13% of its value each year, what is the value of the car now?   Do not include units ($) in your answer.   Use the ^ symbol to represent an exponent. For example: 52 should be typed as 5^2   © 2019 Illustrative Mathematics. All Rights Reserved.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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. Automobiles start losing value, or depreciating, as soon as they leave the car dealership. Five years ago, a family purchased a new car that cost $16,490.

 

If the car lost 13% of its value each year, what is the value of the car now?

 

Do not include units ($) in your answer.

 

Use the ^ symbol to represent an exponent.


For example: 52 should be typed as 5^2

 

© 2019 Illustrative Mathematics. All Rights Reserved.

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