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Travis purchased a car for $25,000. He knows that the car loses 6% of its value every year. Travis wants to determine what will be the value of his car after owning it for 6 years. He completes the following steps: A(6) = 25000(1-0.6)6 A(6) = 25000 (0.4)* A(6) = $102.40 Travis knows that his solution seems outrageous. Describe where his error occurred, fix the mistake, and identify the appropriate value of the car. Show your work using the Equation Editor Tool.

Travis purchased a car for $25,000. He knows that the car loses 6% of its value every year. Travis wants to determine what will be the value of his car after owning it for 6 years. He completes the following steps: A(6) = 25000(1-0.6)6 A(6) = 25000 (0.4)* A(6) = $102.40 Travis knows that his solution seems outrageous. Describe where his error occurred, fix the mistake, and identify the appropriate value of the car. Show your work using the Equation Editor Tool.

Algebra and Trigonometry (6th Edition)
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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Travis purchased a car for $25,000. He knows that the car loses 6% of its value every year. Travis wants to determine what will be the value of his car after owning it for 6 years. He completes the following steps: A(6) = 25000(1 - 0.6)6 A(6) = 25000 (0.4)" A(6) = $102.40 S Travis knows that his solution seems outrageous. Describe where his error occurred, fix the mistake, and identify the appropriate value of the car. Show your work using the Equation Editor Tool.
Transcribed Image Text:Travis purchased a car for $25,000. He knows that the car loses 6% of its value every year. Travis wants to determine what will be the value of his car after owning it for 6 years. He completes the following steps: A(6) = 25000(1 - 0.6)6 A(6) = 25000 (0.4)" A(6) = $102.40 S Travis knows that his solution seems outrageous. Describe where his error occurred, fix the mistake, and identify the appropriate value of the car. Show your work using the Equation Editor Tool.
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