The value in dollars, v(x), of a certain truck after x year's is represented by the equation v(x) = 32,500 (0.92)^x. To the nearest dollar, how much is the truck worth after 2 years? Show your work
To find the value of the truck after 2 years, we can plug x = 2 into the equation.
v(2) = 32,500 * (0.92)^2
v(2) = 32,500 * 0.8464
v(2) = 27,408
Therefore, the truck is worth approximately $27,408 after 2 years.
I show for my answer the truck is worth approximately $27,508 after 2 years.
Apologies for the confusion. Let's reassess the calculation:
v(2) = 32,500 * (0.92)^2
v(2) = 32,500 * 0.8464
v(2) = 27,508
Therefore, you are correct. The truck is worth approximately $27,508 after 2 years. Thank you for pointing that out.