# I purchased a car for \$20,000. At year 5 the car was worth \$10,000. How much will it be worth at 7years?

40,622 results
1. ## Math (Pre-Cal) (Exponential Functions)

A car was valued at \$38,000 in the year 2003. The value depreciated to \$11,000 by the year 2009. Assume that the car value continues to drop by the same percentage. -What will the value be in the year 2013?

2. ## Math

A car depreciated (decreased in value) by 25% during the first year. If the car were purchased for \$28,000, what is the car worth at the end of the first year?

3. ## math

Suppose you buy a brand new car for \$25,000. The car's value depreciates each year by \$2,000. How much is the car worth after 1 year? How much is the car worth after 2 years? Write a slope intercept equation that expresses the value of the car related to

4. ## Math

The graph below models the value of a \$20,000 car t years after it was purchased. Which statement best describes why the value of the car is a function of the number of years since it was purchased? A: Each car value, y, is associated with exactly one

5. ## Math

An automobile purchased for ​\$31,000 is worth ​\$2800 after 6 years. Assuming that the​ car's value depreciated steadily from year to​ year, what was it worth at the end of the third​ year?

6. ## Math

A house worth \$350,000 when purchased was worth \$335.000 after the first year and \$320,000 after the second year. If the economy does not pick up and this trend continues, what will be the value of the house after 6 years. A) determine if is arithmetic or

he value of a new car depreciates at a rate of 12% per year. Write an equation to represent the approximate value of a car purchased for \$23 000. Determine the value of the car two years after it is purchased. Approximately how many years will it take

8. ## Mathematics

A salesman receives a basic salary of#750,000 a year with a commission of 6% of the value of goods sold and a car allowance of #45 per km. (a) Find the total amount he received in a year in which he sells goods worth #9,373,000 and travels 10,000 km. (b)

9. ## Research and Statistics

2. The results of a recent survey indicate that the average new car costs \$23,000, with a standard deviation of \$3,500. The price of cars is normally distributed. a. What is a Z score for a car with a price of \$ 33,000? 9.415000 b. What is a Z score for a

10. ## Algebra, Mathematics

A \$40 000 car depreciates at a rate of 13% per year. a) Write an equation to represent this situation. b) Find the value of the car in 3 years. c) How long does it take for the car to be worth half it's value?

11. ## Math

A new car depreciates as soon as you drive it out of the parking lot. A certain car depreciates to half its original value in 4 years. IF you bought a car 8 years ago, and it's now worth \$5,000, how much did you pay for the car originally?

12. ## algebra 2

Car depreciation- The value of a new car purchased for \$20,000 decreases by 10% per year. Write an exponential decay model for the value of the car. Use the model to estimate the value after one year.

13. ## math

A new car is purchased for the price of \$35,000. If the value of the car depreciates at a rate of 12% per year, when will the car be worth half of the original rate? I put down (this was wrong): 35000 (0.12/12) = 75000 350 (0.12/12) 175 = 612.5 = about 6

14. ## Math

The equation V = -2000t + 20,000 describes the value in dollars of a certain model of car after it is t years old. If a car is worth \$14,000, find the age of the car.

15. ## Math (difficult)

The value of a new car purchased for \$28,000 decreases 8% per year. Write an exponential decay model for the value of the car. Use the model to estimate the value after 5 years.

16. ## maths

a car depreciates at rate of 10%per year. the car cost £20000 new. (a) explain why the car wont be worth £16000 after 2 years (b) show that the car will be worth £16200 after 2 years and find the value of the car after 3 years (c) describe the type of

17. ## Math

An automobile purchased for 24000 is worth 2100 after 8 years. Assuming that the car's value depriciated steadily from year to year, what was it worth at the end of the third year?

18. ## Accounting

The company’s fiscal year ends on December 31. Using the following information, compute depreciation for this machine for each of the 4 years using each of the following methods: Straight-line method Sum-of-years method Double-declining method

19. ## math

The value of a \$20,000 car decreases every year, t. The equation below models this situation. 20000(1 - 0.04t) = 13,000 After how many years will the car be worth \$13,000? Round to the nearest tenth if necessary. I was instructed that the answer is t =

20. ## Calculus

After t years, the value of a car that originally cost \$16,000 depreciates so that each year is is worth 3/4 of it's value for the precious year. Find a model for V(t), the value of the car after t years. Sketch a graph of the model and determine the value

21. ## Math

The value of a car purchased for \$28,000 decreases at a rate of 9% per year. What will be the value of the car after 7 years? ( round to the nearest tenth)

22. ## FINAN & QUANTITATIVE LITERACY

You currently drive 288 miles per week in a car that gets 24 miles per gallon of gas. You are considering buying a new fuel-efficient car for \$15,000 (after trade-in on your current car) that gets 48 miles per gallon. Insurance premiums for the new and old

23. ## EASY Math

The equation V = -2000t + 20,000 describes the value in dollars of a certain model of car after it is t years old. If a car is worth \$14,000, find the age of the car.

24. ## algebra

a new car costs \$13,000 and is depreciating by \$900 each year..how much will the car be worth after 4 years?

25. ## math

The value of a car decreases at a constant rate. After 1 year the value of the car is \$20,000. After 2 more yearsit is \$14,000. Write an equation in slope-intercept that represents the value y (in dollars) of the car after x years.

26. ## Math 12

A car is purchased for \$30,000. It depreciates at a rate of 18% per year. What equation would represent the value, y, of the car after x number of years? Use this equation to find the value of the car after five years.

27. ## acce

A car was purchased for \$10,000 with a salvage value of \$4000. It is expected to have a useful life of 5 years. Using the sum-of-years method, find the car's value in the first year after the purchase.

28. ## math - Additional Info

The value of a \$20,000 car decreases every, t. The equation below model this situation. 20,000(1-0.04t) = 13,000 How many years will the car be worth \$13,000? Round to the nearest tenth if necessary. I got 20,000(.96t)= 13,000, but I don't believe gives me

29. ## Algebra 1

You buy a used car for \$20,000. It depreciates at the rate of 21% per year. Find the value of the car for the given years (5 and 8) I'm using the equation v=c(1-r), and i end up getting 6154.11 ; im not sure if i subtract that from 20,000 or if that is my

30. ## accounting

A company purchased a machine on January 1 of the current year for \$750,000. Calculate the annual depreciation expense for each year of the machine's life (estimated at 5 years or 20,000 hours, with a salvage value of \$75,000). During the machine's 5-year

31. ## math

A car is sold for \$22,000. After one year, the value of the car is \$16,500. Write an exponential function y to determine the value of the car after x years if the rate of decrease is the same each year.

32. ## Algebra

Jonas purchased a new car for \$25,000. Each year the value of the car depreciates by 20% of its value the previous year. In how many years will the car be worth \$5000?

33. ## math

Jason uses his car for his job. He is allowed to depreciate the car 7% per year. IF the car was worth \$23,000 new, in about how many years will the car be worth \$3,000?

34. ## Math

A new car is purchased for \$15,000. In 10 years the same car has a scrap value of \$1000.00. The rate of depreciation of its value is constant each year. A determine an equation in the form y=mx+b to represent this situation B how much is the car worth

35. ## math

you purchase an suv for \$26,000. A year later the car is worth only \$24,800. If the value of the car continues to depreciate at that rate, a. find the linear equation that determines the value of the car based on the number of years you own it. b. when

36. ## math

The value of a car decreases at a constant rate as it grows older. When the car is 2 years old, it is worth \$23,000. When the car is 5 years old it is worth \$15,500. Write and equation relating y (value of the car \$) to x (age of car). Is it

37. ## algebra

Jimmy bought a car in January of 2010 worth \$25, 500. He submitted the car for valuation in January 2015 and was told that its worth is now \$20, 450. Assuming that the depreciation is linear. a) Find the rate at which the car is decreasing in value. Treat

38. ## Functions

You purchased a new car for \$22,000. The value of the car decreases by 15% each year. Which function could be used to model the value of the car, "V", after "t" years?

39. ## algebra 2

Car depreciation- The value of a new car purchased for \$20,000 decreases by 10% per year. Write an exponential decay model for the value of the car. Use the model to estimate the value after one year.

40. ## Probability

In its flip a lid contest, a coffee chain offers prizes of 50,000 free coffees, each worth \$1.50; two new TVs, each worth \$1200; a snowmobile worth \$15 000; and sports car worth \$35 000. A total of 1 000 000 promotional coffee cups have been printed for

41. ## College Algebra

A cars value is declining exponentially. The car is currently 3 years old and has a value of 18,000. The car sold for 26,000 brand new. Find the rate at which the value of the car is decreasing. So far my equation is 18,000=26,000 (3-.04)^the But I'm not

42. ## PreCalculas

1.Suppose you pay \$16,000 for a new car and estimate that it will be worth 20% less with each passing year. What will your car be worth after 3 years? 2.A school club uses a telephone chain to inform members of changes in plans. The club president calls 2

43. ## math

The Question is: The value of a new car depreciates at a rate of 12% per year. 1)Write an equation to represent the approximate value of a car purchased for \$23 000. 2)Determine the value of the car two years after it is purchased. 3)Approximately how many

44. ## Computer Science

You want to buy a new car, and you are thinking about two alternatives, car A and car B. You like both cars, and you are considering keeping whichever one you buy for many years to come. As a result, you want to evaluate the total cost of ownership of both

45. ## Computer Science

You want to buy a new car, and you are thinking about two alternatives, car A and car B. You like both cars, and you are considering keeping whichever one you buy for many years to come. As a result, you want to evaluate the total cost of ownership of both

46. ## algebra

ben bought a car for \$20,000 in 2003. The car depreciates at a constant rate of 21% per year . Find the price of the car in the year 2010 . Round to nearest dollar

47. ## Math

A company replaces their cars every 6 years. A car is worth \$13520 after 2 years. The company uses a depreciation rate of 35% a year. a) How much will the car be worth when the company replaces it? b) How much did the car cost when it was purchased?

48. ## Math

in 2016, you purchased a new car for \$20,000. The value of the car depreciates at a rate of 18% per year. The value V of the car after t years is given by the function V(t)=20000(0.82)t. When will the car be worth three-quarters of its original value?

49. ## math - Help

The value of a \$20,000 car decreases every year, t. The equation below model this situation. 20,000(1-0.04t) = 13,000 How many years will the car be worth \$13,000? Round to the nearest tenth if necessary. I got 20,000(.96t)= 13,000, but I don't believe

50. ## Algebra

Jonas purchased a new car for \$25,000. Each year the value of the car depreciates by 20% of its value the previous year. In how many years will the car be worth \$5000?

51. ## Algebra

I purchased a car for \$20,000. At year 5 the car was worth \$10,000. How much will it be worth at 7years?

52. ## algebra 2 ap

Jason uses his car for his job. He is allowed to depreciate the car 7% per year. IF the car was worth \$23,000 new, in about how many years will the car be worth \$3,000?

53. ## Algebra I

Please show me how to solve: The value of a \$20,000 car decreases every year, t. The equation below models this situation: 20000(1-0.04t)=13,000. After how many years will the car be worth \$13,000. Round to the nearest tenth if necessary.

54. ## math

The value of a \$20,000 car decreases every, t. The equation below model this situation. 20,000(1-0.04t) = 13,000 How many years will the car be worth \$13,000? Round to the nearest tenth if necessary. I got 20,000(.96t)= 13,000, but I don't believe gives me

55. ## Algebra

Three years after purchase, a car is estimated to be worth \$24,000. At five years, its value is \$19,000. If the car is depreciating in a linear manner, write an equation that represents the depreciation of the car. Answer the following questions: a. How

56. ## personal finance

Katherine Kosher has determined the following information about her own finansial situation.Her checking account is worth \$850, and her savings account is worth \$1200.She owns her own home that has a market value of \$98,000.She has furniture and appliance

57. ## Finance

After deciding to buy a new car, you can either lease the car or purchase it on a 3-year loan. The car costs \$32,000. The lease offer is for \$450/month for 36 months, with only \$99 due up front. If you buy the car with a 3-year loan, the APR is 7% with

58. ## personal finance

Beverly is planning for her retirement.She has determined that her car is worth \$10,000,her home is worth \$ 150,000,her personal belongings are worth \$100,000 and her stocks and bonds are worth \$300,000.She owes \$50,000 on her home and 5,000 on her

59. ## exponential functions

Dave bought his car for \$24 000 exactly 10 years ago. Each year, the value of his car decreases by 10% from the year before. How much is his car worth today?

60. ## math

a teacher bought his car for \$24 000 exactly 10 years ago. Each year, the value of his car decreases by 10% from the year before. How much is his car worth today?

61. ## math

a teacher bought his car for \$24 000 exactly 10 years ago. Each year, the value of his car decreases by 10% from the year before. How much is his car worth today? help please

62. ## algebra

the price of a car depricates over time at a rate of approximately 18% according to the formula (C)t=36,500(0.82)^t. what was the inital cost of the car? what will the car be worth in 4 years? when will the car be worth less than 5,000?

63. ## math

I need help: The value of a new car decreases dramatically as soon as it leaves the dealership. Assuming that you just bought a new car with \$20,000 and that it depreciates at a rate of 2% a month. How much will the car be worth in one year?

64. ## math

Value of a new car depreciates at a rate of 12% per year. It is worth \$23 000. Approximately how many years will it take until the car is worth \$2300?

65. ## math

The value of a car decreases at a constant rate as it grows older. When the car is 2 years old, it is worth \$23,000. When the car is 5 years old it is worth \$15,500. Write and equation relating y (value of the car \$) to x (age of car).

66. ## Math

A new car depreciates an average of 22% in its first year of use. If the car was worth \$16,000 when it was new, what will the car be worth after 1 year?

67. ## math

A new car depreciates an average of 22% in its first year of use. If the car was worth \$16,000 when it was new, what will the car be worth after 1 year?

68. ## Finance

A new car depreciates an average of 22% in its first year of use. If the car was worth \$16,000 when it was new, what will the car be worth after 1 year?

69. ## Math

In its Flip Your Lid contest, a coffee chain offers prizes of 50 000 free coffees, each worth \$1.50; two new TVs, each worth \$1200; a snowmobile worth \$15 000; and a sports car worth \$35 000. A total of 1 000 000 promotional coffee cups have been printed

70. ## Math

Victor bought a brand new car for P750,000. If the value of the car depreciates 20%per year, what will it be worth during the fourth year?

71. ## Math

New Car. A game show gives away 2 new cars. One car is worth \$50,000 and the other car is worth \$40,000. Two members of the audience are randomly selected to participate and receive one of the two new cars. What is the expeted value if you are randomly

72. ## Math

In 2004, your family bought a new car for \$15,000. Each year the value of the car is decreasing approximately 15% per year. Your father plans to keep the car 5 years before he buys another new car. What will be the value of the car when he's ready to

73. ## MATH HELP PLEASE I HAVE NEVER BEEN MORE CONFUSED

The value of a car decreases at a constant rate. After 1 year the value of the car is \$20,000. After 2 more yearsit is \$14,000. Write an equation in slope-intercept that represents the value y (in dollars) of the car after x years.

74. ## Economics

A used car dealer bought a 1998 Volvo for \$1,000. He paid a worker \$200 to wash it. He purchased four tires for a total of \$400 to replace the existing tires on the car. He sold the car for \$4,000. All these economic activities took place in 2011. The used

. George Wilkins checked the spreadsheet where he keeps track of his assets and liabilities. He discovered that (i) he owes \$80,000 on his house, which he believes to be worth \$150,000; (ii) his car is worth \$20,000, against which there is \$2,000 on the

76. ## statistics

2. The results of a recent survey indicate that the average new car costs \$23,000, with a standard deviation of \$3,500. The price of cars is normally distributed. a. What is a Z score for a car with a price of \$ 33,000? b. What is a Z score for a car with

77. ## Math

1. Victor brought a brand new car for 750,000. IF the value of the car depreciates 20% per year, what will it be worth during the fourth year? 2. Given the terms a10 = 3/512 and a15 = 3/16384 of a geometric sequence, find the exact value of the first term

78. ## finance

You have only saved 2,000. You are going to trade in your old car and get a new one. The dealership has offered you 3,000 for your trade, and you have accepted their offer. The car you want to buy costs 23,000 but you talked them down to 21,000. The

79. ## Math

An car was purchased for \$47000 and its depreciation value is 22% each year. How long would it take the car to be worth nothing (zero dollars)? Explain.

80. ## Math( 8th) Rate of change

Khiry has money in a savings account at the bank that increases by the same amount of interesr each year. In 2003 khiry had \$200 in the bank. In 2006, Khiry had \$215 in the bank.In how mnany years will Khiry hav \$230? The cost of gasoline per gallon in

81. ## Algebra1

3. Jackson bought a car for \$11,000.00. After 2 years, the value of the car is \$7,860.00. If the value of the car depreciated linearly, how much did the car depreciate each year?

82. ## math

The value of a car decreases at a constant rate. After 1 year the value of the car is \$20,000. After 2 more yearsit is \$14,000. Write an equation in slope-intercept that represents the value y (in dollars) of the car after x years. What is the y-intercept

83. ## arithmetic sequences

a new car cost \$13,000 and is depreciating by \$900 each year. how much will the car cost be worth after 4 years?

84. ## finance

You want to purchase a car. It costs 25,000. You have 3,000 that you have saved up for a down payment. You can go with the 5 year car and 60 month car loan. The car manufacture is offering a special deal on your car. You can get zero percent financing or

85. ## 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 over time, for this

Hi i have the same question as someone else but no one answered. please help me my assignment is do tomorrow! An car was purchased for \$47000 and its depreciation value is 22% each year. How long would it take the car to be worth nothing (zero dollars)?

87. ## probability

You and your friend just rented a car for an 8,000 mile cross-country road trip. Your rental car may be one of three different types: new (N), nearly one year old (O), and old (L). If the car you receive is brand new, it will break down with probability

88. ## probability

You and your friend just rented a car for an 8,000 mile cross-country road trip. Your rental car may be one of three different types: new (N), nearly one year old (O), and old (L). If the car you receive is brand new, it will break down with probability

89. ## probability

You and your friend just rented a car for an 8,000 mile cross-country road trip. Your rental car may be one of three different types: new (N), nearly one year old (O), and old (L). If the car you receive is brand new, it will break down with probability

90. ## probability

You and your friend just rented a car for an 8,000 mile cross-country road trip. Your rental car may be one of three different types: new (N), nearly one year old (O), and old (L). If the car you receive is brand new, it will break down with probability

91. ## Math III

1. Traci purchases a car for \$16,000. If its depreciates by 12% per year, what will be the car's value in 5 years? 2. The population of flies in Mr. Bunn's classroom doubles every 5 days. If there where 10 flies on the first day of school, when will the

92. ## algebra

Suppose a car that sells for \$40,000 depreciates 10% per year. How many years would it take for the car to have a value less than \$25,000

93. ## English

The best way to buy a car. In the first place, people enjoy the companionship of car. Cars can be helpful in many ways. The best thing they are good for is going places. It is good to know that you have your own car. Owning your own car means not having to

94. ## English

The best way to buy a car. In the first place, people enjoy the companionship of car. Cars can be helpful in many ways. The best thing they are good for is going places. It is good to know that you have your own car. Owning your own car means not having to

95. ## math

David Salter has a personal automobile policy ( PAP) with coverage of \$ 25,000/\$ 50,000 for bodily injury liability, \$ 25,000 for property damage liability, \$ 5,000 for medical payments, and a \$ 500 deductible for collision insurance. How much will his

96. ## Math

1. A car is worth \$23000 in Jan 2017 in the first year the car depreciates by 15 percent per annum and then 7 percent every year after that. a) what will the car be worth in Jan 2023? b) when will the car be worth \$5000? 2. In 2017 the population of a

97. ## algebra 1

Solve the following problem: Kate bought a car for \$20,000. A study shows that a car will depreciate (go DOWN in value) by 15% each year. How much is Kate's car worth after 5 years? a) Formula used: ___________________________________ b) Substitute values:

98. ## Momentum

A car and an attached trailer have a combined mass of 3,000 kg. The car and trailer are moving on the highway at a velocity of 25 m/s. After going over a small bump in the road, the trailer detaches from the car. If the car’s speed after separation is 27

99. ## healthcare fiancare

HINT: 6% X \$1,000,000 – {20% X (\$1,000,000 – (6% X \$1,000,000))} = 6% X \$1,000,000 – {20% X (\$1,000,000 - \$60,000))}= 6% X \$1,000,000 - {20% X \$940,000}= 6% X \$1,000,000 - \$188,000 = \$60,000 - \$ 188,000= -\$128,000 A) The interst due on a 10% loan of

100. ## math

a car depreciates in by avalue of \$1000 per year. The original value of the car is \$30,000. Let V(x) be the value of the car in x years. Write the linear function that represent the value of the car in x years. what will be the value of the car after 7