Given :
Worth of new car , C = $28000 .
Depreciates in value of car , D = 9 % .
To Find :
Use the variable y to represent the value of the car after t years.
Solution :
Depreciation formula is given by :
[tex]y=C(1-\dfrac{D}{100})^t[/tex]
Putting all given values , we get :
[tex]y=C(1-\dfrac{D}{100})^t\\\\y=28000\times (1-\dfrac{9}{100})^t\\\\y=28000( \dfrac{91}{100})^t[/tex]
Therefore , the required equation is [tex]y=28000( \dfrac{91}{100})^t[/tex] .
Hence , this is the required solution .
