Posted by **Fidelia** on Thursday, March 29, 2007 at 4:58pm.

Can someone please tell me if I did this problem right?

A new truck that sells for $29,000 depreciates 12% each year. Write a function that models the value of the truck. Find the value of the truck after 7 years.

my answer=p(x)=price of truck ($)

p(x)=29000(.88)^x

value of truck after 7 yrs=$11851.59

Thanks!

correct.

Thanks much!

## Answer This Question

## Related Questions

- Algebra - a new truck sells for 25,000 depreciates (decreases in value) 11% each...
- math - A shipping company owns a fleet of heavy trucks. If the purchase price of...
- Math - A company purchases a new delivery truck for $20,000 the truck is ...
- mathj - Baker Company purchases a new delivery truck for $20,000. The truck is ...
- Calculus - A truck depreciates in value by 15% per year. If the truck is valued ...
- calculus - a small business owner buys a truck for $20,000 to transport supplies...
- Precalculus - A small business owner buys a truck for $20,000 to transport ...
- alegbra - Jason recently purchased a new truck for $34,750. The value of the ...
- Math - Lena Horn bought a Toyota Tundra for $30,000 with an estimated life of 5 ...
- math - Lena Horn bought a Toyota Tundra for $30,000 with an estimated life of 5 ...

More Related Questions