Tuesday

November 25, 2014

November 25, 2014

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

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**

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 ...

College Algebra - A machine depreciates by 1/5 of its value each year. If it ...

algebra - daniel's print shop purchased a new printer for $35'000.each year it ...

Algebra - The value of many things we own depreciates over time. When an asset's...

math - a car depreciates in by avalue of $1000 per year. The original value of ...

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 ...