A car has an initial value of 20,000 the value then depreciates or decreases by 10% of in initial value each year which equation below gives the value of the car

Given:

Initial value of car = 20,000

Depreciation or decreasing rate = 10% = 0.10

To find:

The equation that gives the value of the car.

Solution:

It is given that the value then depreciates or decreases by 10% of in initial value each year. It means the depreciation value is same for each year, i.e., 10% of initial value.

So, the value of car decreased by 2000 per year.

Let y be the value of can after x years.

Then, the value decreased in x years is 2000x.

So, the values of the car is

Therefore, the required equation is .

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