Anew car is purchased for 23200 dollars. the value of the car depreciates at 13.25% per year. what will the value of the car be, to the nearest cent, after 7 years?

The value of car after 7 years will be $8,577.77

Step-by-step explanation:

A new car is purchased for 23200 dollars.

Initial price of car, P = $23,200

The value of the car depreciates at 13.25% per year.

Rate of depreciation, r = 13.25% = 0.1325

Time of depreciation, t = 7 years

Formula:

Hence, The value of car after 7 years will be $8,577.77

set each factor equal to 0

4x-3 = 0

2x-1 = 0

solve for x.

4x-3=0

4x=3

x= 3/4

solve for x. 

2x-1= 0

2x= 1

x= 1/2

your answer should be 1/2 is less than or equal to x and 3/4 is greater than or equal to x