# Algebra 2..

posted by .

a rule of thumb used by car dealers is that the trade in value of a car decreases by 20% of its value each year. suppose the initial value of your car is \$23,500. write an equation expressing the trade in value of your car as a function of the number of years from now. if your car is really 2.7 years old now, what was its trade in value when it was new?

## Similar Questions

1. ### math

A rule of thumb used by car dealers is that the trade-in value of a car decreases by 30% each year. That is, the value at the end of any year is 70% of its value at the beginning of the year A.Suppose that you own a car whose trade-in …
2. ### Algebra

Each year the value of a car decreases by 25% of its value the previous year. After 5 years, what is the value of a car originally worth \$17,500?
3. ### Algebra

The value of almost everything you own, such as a car, computer, or appliance, depreciates over time. When the value decreases by a fied amount each year, the depreciation is called straight-line depreciation. Suppose your car has …
4. ### math

The value of a new car decreases exponentially.Suppose your mother buys a new car for 22,000. The value of the car decreases by 20% each year. a.what is the initial price of the car. The decay factor. b. write an equation to model …
5. ### MATH

a rule of thumb used by car dealers is that the trade in value of a car decreases by 20% of its value each year. suppose the initial value of your car is \$23,500. write an equation expressing the trade in value of your car as a function …
6. ### MATH

NEED EXTREME HELP!@#\$%^a rule of thumb used by car dealers is that the trade in value of a car decreases by 20% of its value each year. suppose the initial value of your car is \$23,500. write an equation expressing the trade in value …
7. ### math

Sam bought a new car for \$26,500. The car depreciates approximately 13% of its value each year. A) What is the decay factor for the value of this car?
8. ### pre cal

you decide to buy a car for 25000. each year your car depreciates in value by 5% from its original value. After 15 years though, your used car will only be worth \$500 to a dealership. Write a piece wise function for C(t), car value …
9. ### math

Sam bought a new car for \$26,500. The car depreciates approximately 13% of its value each year. a) What is the decay factor for the value of this car?
10. ### Algebra

A used car has a value of \$15,250 when it is purchased in 2012. The value of the car decreases at a rate of 7.5% per year. Write an exponential function that models the value of the car, y, over x years. To the nearest cent, what will …

More Similar Questions