A car purchased for $25,000 depreciates annually at a rate of 11%. The value of...
60.2K
Verified Solution
Link Copied!
Question
Basic Math
A car purchased for $25,000 depreciates annually at a rate of 11%. The value of the car t years after its purchase is given by the expression 25,000(0.89). Which expression represents the quarterly depreciated value at the rate at which the car is depreciating?A. 25,000(0.89^4 )^4tB. 25,000(0.89^4)^1/4 tC. 25,000(0.89^1/4)^1/4 tD. 25,000(0.89^1/4)^4t
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
