Posted by **Matthew** on Sunday, March 17, 2013 at 11:03pm.

The value, V, of a $25000 vehicle after y years is given by V = 25000 (0.85)y

What is the rate of depreciation? (1 mark)

What will the car be worth after 5 years? (1 mark)

To the nearest month, how long would it take to reduce the vehicle’s value to 10% of its original amount? (3 marks)

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