Matt purchased a new car for $30,000. The car depreciates approximately 12% of its value each year compounded continuously.. How much is it worth after 5 years? Round the answer to nearest dollar.

It is worth $54,664 after 5 years

Step-by-step explanation:

Compound continuous interest can be calculated using the formula:

∵ Matt purchased a new car for $30,000

∴ P = 30,000

∵ The car depreciates approximately 12% of its value each year

   compounded continuously

∴ r = 12%

- Change it to decimal by divide it by 100

∴ r = 12 ÷ 100 = 0.12

∵ t = 5 years

- Substitute all of these values in the formula above

∴

∴

∴ A = 54663.56401 dollars

- Round it to the nearest dollar

∴ A = 54,664 dollars

It is worth $54,664 after 5 years

1) 2/5

2) zero=0/1

3) zero=0/2

4) -4/5

5) undefined=3/0

they charge the same amount at 20 minutes.

step-by-step explanation: