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Home » The Top 10 Best Movies of 2024 That Shocked the World—Spoiler Alert! - Appcentric

The Top 10 Best Movies of 2024 That Shocked the World—Spoiler Alert! - Appcentric

📅 February 27, 2026 👤 scraface

Feb 27, 2026

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📌 Question**: A car depreciates at 15% per year. If it was bought for $20,000, what is its value after 3 years?

📌 Use exponential decay: \( V = P(1 - r)^t \), where \( P = 20000 \), \( r = 0.15 \), \( t = 3 \).

📌 \( V = 20000 imes (0.85)^3 = 20000 imes 0.614125 = 12282.50 \).

📌 The value after 3 years is $12,282.50.

📌 #### 12282.50

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