The function that gives the car's value is
where V(t) is in dollar and t is number of years after it sold.
Step-by-step explanation:
Given that,
A car sells for $5000 and losses of its value each year.
The value of car will loss after 1 year is
The price of the car after 1 year is
The value car will loss in 2 year is
After 2nd year the car will be
Similarly the value of car after t years is
The function that gives the car's value is
where V(t) is in dollar and t is number of years after it sold.