Kathy plans to purchase a car that depreciates (loses value) at a rate of 14% per year. The initial cost of the car is $21,000. Write an equation that represents the value, v, of the car after 3 years.

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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SOLVE THE FOLLOWING PROBLEMS USING EXPONENTIAL GROWTH OR
EXPONENTIAL DECAY FORMULAS
2 Kathy plans to purchase a car that depreciates (loses value) at
a rate of 14% per year. The initial cost of the car is $21,000.
Write an equation that represents the value, v, of the car after
3 years.
Transcribed Image Text:SOLVE THE FOLLOWING PROBLEMS USING EXPONENTIAL GROWTH OR EXPONENTIAL DECAY FORMULAS 2 Kathy plans to purchase a car that depreciates (loses value) at a rate of 14% per year. The initial cost of the car is $21,000. Write an equation that represents the value, v, of the car after 3 years.
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