Answer and Explanation
Your Answer is
Correct Answer is H
Explanation
20000×(1-0.1)3
Use the following information to answer question 51-53.
The value of a used car can be modeled by the formula 
, where 
is the cars purchase price, in dollars; r is the car's constant annual rate of decrease in value, expressed as a decimal; and V is the car's dollar value at the end of t years.
52. A used car with a purchase price of $20,000 has a constant annual rate of decrease in value of 0.1. According to the model what is the value of the car, to the nearest dollar, at the end of 3 years?