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anonymous

  • one year ago

A car cost $20,000 when it was purchased. The value of the car decreases by 8% each year. Find the rate of decay each month and select the correct answer below

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  1. anonymous
    • one year ago
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    So yearly decay is *0.92^x (when x=year), per month would just be a 12th of that

  2. anonymous
    • one year ago
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    \[P=20000\times 0.92^{\frac{ m }{ 12 }}\]

  3. anonymous
    • one year ago
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    The decay depends on the current price not the original

  4. anonymous
    • one year ago
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    im confused

  5. anonymous
    • one year ago
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    −0.006924% −0.006667% −0.666667% −0.6924%

  6. anonymous
    • one year ago
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    those are the answer choices

  7. anonymous
    • one year ago
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    Its B then :/ now im confused

  8. anonymous
    • one year ago
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    oh wait its A

  9. anonymous
    • one year ago
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    \[1-(0.92^{\frac{ 1 }{ 12 }})\]

  10. anonymous
    • one year ago
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    =0.006924

  11. anonymous
    • one year ago
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    ohok i get it now. thank you

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