Anew car is purchased for 17900 dollars. the value of the car depreciates at 12.25% per year. what will the value of the car be, to the nearest cent, after 10 years?

Given that the value of a car that costs $17900 depreciates at 12.25% per year, the value of the car in 10 years time will be:
The depreciation follows exponential decay:
V(t)=Pe^(-rt) or P(1+r/100)^(-nt)
where:
principle,P=17900
rate,r=12.25=0.1225
time,t=10 years
therefore the value after 10 years will be:
V(10)=17900*e^(-0.1225×10)
=$5258.30

The answer is 109 times per second