Car 1 cost $22,600 when new and depreciated 14% each year for 5 years. the same year, car 2 cost $17,500 when new and depreciated 7% each year for 5 years. what was the difference in the values of the two cars after 5 years to the nearest dollar? a. $1543 b. $12175 c. $10,631 d. $5100

y=1/4x-4

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!