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Nichole bought a new car. the depreciation equation is given by f(x)=27,000(.86)^x,where x represents the number if years since the purchase of the car, and f(x) represents the value of the car. by what percent does Nicholes car deprecute each year?

Respuesta :

We have the following:

The formula that represents this situation is the following

[tex]A=P\cdot(1-r)^x[/tex]

Where r is the depreciation rate, if we equate this part of education with the given of the statement we are left

[tex]\begin{gathered} 1-r=0.86 \\ \text{solving r} \\ r=1-0.86 \\ r=0.14 \end{gathered}[/tex]

Therefore the depreciation rate is 0.14 or 14%

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