Assistance please I have no idea

6) Most cars lose value each year by a process known as depreciation. You may have heard before that a new car loses a large part of its value in the first 2 or 3 years and continues to lose its value, but more gradually, over time. That is because the car does not lose the same amount of value each year, it loses approximately the same percentage of its value each year. An exponential model would be useful for calculating the value of a car over time. Let us look at an example of depreciation: Suppose the value of a car when it is new is $20,000 and it depreciates at a rate of 20% each year. a) What is the initial value of the car