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Question 1: (18 points) a. Evaluate 161/4 b. Simplify (48)-3/16 (9 points) (3 Points) c. A quantity K that decreases by P% per year

Question 1: (18 points) a. Evaluate 161/4 b. Simplify (48)-3/16 (9 points) (3 Points) c. A quantity K that

Question 1: (18 points) a. Evaluate 161/4 b. Simplify (48)-3/16 (9 points) (3 Points) c. A quantity K that decreases by P% per year will after t years have decreased to K[t With the above in mind, what is the value after 9 years of a new car that was bought for $23,500 if it is assumed to decrease (depreciate) by 7.5% per year? (6 Points)

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