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How is this problem solved? I'm very confused?
A car loses value at a rate of 4.5% annually. Greg purchased a car for $12,500. Which equation can be used to determine the value of the car, V, after 5 years?
1) V= $12,500(0.55)^5
2) V= $12,500(0.955)^5
3) V= $12,500(1.045)^5
4) V= $12,500(1.45)^5
^ means the next number is an exponent if your confused help is appreciated! Thank you
1 Antwort
- DeezRgood For ULv 4vor 9 Jahren
I know the answer is 3, just not sure how to explain, sorry. I do know that in most equations, you have to move the decimal place to the left two times if there's a percent. 4.5% becomes .045%. They added 1 for some reason, can't remember tho. Hoped I helped!