Answer:
$12487.86
Step-by-step explanation:
Given data
Cost of car= $22,730
Rate of decrease= 9.5%
Time= 6 years
We can predict the value by using the exponential decay function'
A= P(1-r)^t
substitute
A= 22730(1-0.095)^6
A= 22730(0.905)^6
A= 22730*0.5494
A=$12487.86
Hence the value will be $12487.86
