Answer :
The approximate value of the car in 10 years is about $6583.22
This depreciation case follows the exponential equation:
y=26500(0.87)^x
where x is the number of years after the purchase year
Let us now substitute with x = 10
y= 26,500 (0.87)^10 = 26,500 * 0.2484 = 6583$
hope that helps
y=26500(0.87)^x
where x is the number of years after the purchase year
Let us now substitute with x = 10
y= 26,500 (0.87)^10 = 26,500 * 0.2484 = 6583$
hope that helps