Answered

A car’s purchase for $27,000 after each year the resale value decreases by 35% what will the resale be after four years

Answer :

MrRoyal

The resale value of the car after four years is $4820

How to determine the resale value?

The given parameters are:

initial value, a = $27,000

Rate, r = 35%

The value of the car each year is represented as:

Value = a *(1 - r)^t

So, we have:

Value = 27000 *(1 - 35%)^t

After four years, we have:

Value = 27000 *(1 - 35%)^4

Evaluate

Value = 4820

Hence, the resale value of the car after four years is $4820

Read more about exponential functions at:

https://brainly.com/question/11464095

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