The value V of an item after 7 years is given by the following formula, assuming...

Transcribed Image Text:

The value V of an item after 7 years is given by the following formula, assuming linear depreciation, V=C-Crt, where C is the original cost and r is the rate of depreciation expressed as a decimal. If you buy a car for $7830 and it depreciates linearly at a rate of 17 % per year, what will be its value after 9 months? Round your answer to the nearest cent. The value V of an item after 7 years is given by the following formula, assuming linear depreciation, V=C-Crt, where C is the original cost and r is the rate of depreciation expressed as a decimal. If you buy a car for $7830 and it depreciates linearly at a rate of 17 % per year, what will be its value after 9 months? Round your answer to the nearest cent.