anonymous
  • anonymous
A car is purchased for $16,000. After each year, the resale value decreases by 35%. What will the resale value be after 5 years??
Mathematics
katieb
  • katieb
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anonymous
  • anonymous
\[16000(.65)^5\]
anonymous
  • anonymous
13,200
anonymous
  • anonymous
Those are two different answers, which one is right??

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anonymous
  • anonymous
the first one.
anonymous
  • anonymous
So the resale value would be $1856.47??
anonymous
  • anonymous
reduce by 35% a year means each year multiply by .65. if it is 35% less it is 65% of its previous value
anonymous
  • anonymous
oh you have to raise to the power first, multiply last
anonymous
  • anonymous
yes that is what i got
anonymous
  • anonymous
Order of operations .. I know. (.65)^5 * 16000 is the answer I posted earlier :/
anonymous
  • anonymous
$1856.47
anonymous
  • anonymous
yes sorry that is right
anonymous
  • anonymous
didn't have a calculator handy
anonymous
  • anonymous
Thanks!
anonymous
  • anonymous
welcome

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