Answer:
The value of car in 5 years will be = $6700.87
Step-by-step explanation:
The function representing the value of a car in [tex]x[/tex] years is given by:
[tex]f(x)=12000(0.89)^x[/tex]
To find the value of the car in 5 years to nearest cents.
Solution:
In order to find value of car in 5 years, we will plugin [tex]x=5[/tex] in the given function.
So, we have:
[tex]f(5)=12000(0.89)^5[/tex]
[tex]f(5)=12000(0.5584)[/tex]
[tex]f(5)=6700.871\approx 6700.87[/tex]
Thus, value of car in 5 years will be = $6700.87
