Joshua just purchased a 4-year-old car for $12,000. He was told that this make and model depreciates exponentially at a rate of 5.8% per year. What was the original price to the nearest hundred dollars?
2 Answers
Feb 27, 2018
Explanation:
After 4 years, the car is worth
Work backwards.
Original:
to nearest
-Fish
Feb 27, 2018
Write an equation to satisfy the word problem:
Solve:
The price was approximately