Anew car is purchased for 20300 dollars. the value of the car depreciates at 8.75% per year. what will the value of the car be, to the nearest cent, after 12 years?

The value of the car, to the nearest cent, after 12 years will be $ 6,765.35

Step-by-step explanation:

Let's recall that depreciation on a car can be determined by the formula:

V = C * (1 - r)^t , where:

V is the value of the car after t years,

C is the original cost

r is the rate of depreciation

t is the number of years of utilization of the car

Therefore, we have:

V = C * (1-r)^t

V = 20,300 * (1 - 0.0875)¹²

V = 20,300 * 0.333268

V = 6,765.35 (rounding to the nearest cent)

i dont understand the question? ?

step-by-step explanation:

- both graphs increase on their domain.

- the graphs of both functions have the same x-intercept.

- neither graph has a y-intercept.