Ninas car exponentially depreciates at a rate of 7 percent per year. if nina bought the car when it was 6 years old for 12000, what was the original price of the car

And solving for the initial amount we got:

So then the original price for the car would be approximately 18263.539$

Step-by-step explanation:

For this case we can use the exponential model given by:

Where:

represent the initial amount for the car

represent the exponential growth/decay rate

t represent the number of years. With t =0 at the begin

After 6 year we have that t =6, and we know this condition:

So then we can use the exponential model formula and the condition given and we have this:

And solving for the initial amount we got:

So then the original price for the car would be approximately 18263.539$

. + λrh() e 1 1 2 4 4 4 4 4 3 4 4 4 4 4 + th−1(− s(x)2 dx ω + λrh−1() e 2 1 2 4 4

step-by-step explanation: