You purchase a car in 2010 for $25,000. The value of the car decreases by 14% annually. Describe and correct the error in finding the value of the car in 2015. v(t) = 25,000(1.14)^x
v(5) = 25,000(1.14)^5 = 48,135
The value of the car in 2015 is about $48,000.

Part A: Describe the error

Part B: Correct the error

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step-by-step explanation:

step-by-step explanation:

the answer is:

the correct option:

b.

to solve the problem, we need to remember how to operate to simplify exponential expressions using the logarithms.

we are given the equation:

then, using placing logarith with base 7 on both sides of the equation, we have:

so, rounding the obtained result to two decimal places (nearest hundreth), we have:

hence, we have that the correct option:

b.

have a nice day!