Application Toward the end of the year, to make room for next year's models, a...
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Algebra
Application Toward the end of the year, to make room for next year's models, a car dealer may decide to drop prices on this year's models. Imagine a car that has a sticker price of $20,000. The dealer lowers the price by 4% each week until the car sells.(a.) Write a recursive rule to generate the sequence of decreasingprices.(b.) Find the 5th term and explain what your answer means in thissituation.(c.) If the dealer paid $10,000 for the car, how many weeks wouldpass before the car's price would produce no profit for the dealer?
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