A car depreciates (loses its value) as soon as it is driven off the dealership lot. Mrs. Rishad buys a new car that is worth $35 000. The rate of depreciation is 13% per year

a) Determine an equation that models the above situation.

b) Determine the value of Mrs. Rishad's car after 5 years. Show your work.

6. A car depreciates (loses its value) as soon as it is driven off the dealership lot. Mrs. Rishad buys a new car that is worth $35 000. The rate of depreciation is 13% per year. [4A] (a) Determine an equation that models the above situation. (b) Determine the value of Mrs. Rishad's car after 5 years. Show your work