Hello.

Question

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712

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Please help me find the proper equation. I'm not sure if the proper equation should be a linear or exponential equation.

Here are some intial values you can try:

Purchase Value = $35,000

Age in Months = 36,

Number of Miles = 50,000

Note that you can use kilometers if you'd rather.

Question

For every 1,000 miles on the car, reduce its value by one-fifth of a percent (0.2). Do not consider remaining miles.

Thanks,

singularityMesa

Guest Jun 15, 2017

edited by Guest Jun 15, 2017

hectictar · Answer 1 · 2017-06-16T12:08:11

Question

For every 1,000 miles on the car, reduce its value by one-fifth of a percent.

So... after each 1,000 miles, it is worth (100 - .02)% = 99.8% = 0.998 of its previous value.

So we can say....

car value = 35,000 * 0.998ⁿ , where n is the number of thousands of miles.