Homework Help: algebra

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!

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