The value of Mr. McLean's car is given by the equation V = $8000 (0.86) where...

Transcribed Image Text:

The value of Mr. McLean's car is given by the equation V = $8000 (0.86)" where n represents the numbe f years since it was purchased. a) As the car ages, what percent of its value is lost each year? b) What will the car be worth 5 years after its purchase date? c) How long will it take for the car to lose $5000 of its value? The value of Mr. McLean's car is given by the equation V = $8000 (0.86)" where n represents the numbe f years since it was purchased. a) As the car ages, what percent of its value is lost each year? b) What will the car be worth 5 years after its purchase date? c) How long will it take for the car to lose $5000 of its value?