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Use an Equation to Solve the Problem nn Years Is $P(1n10)\$ P\left(1-\frac{n}{10}\right)

Question 70

Multiple Choice

Use an equation to solve the problem.
-The value of an object that depreciates in value every year for nn years is $P(1n10) \$ P\left(1-\frac{n}{10}\right) , where PP is the initial price. How much would a radio that you bought 6 years ago for $31\$ 31 currently be worth?


A) $0.20\$ 0.20
B) $0.40\$ 0.40
C) $12.40\$ 12.40
D) $49.60\$ 49.60

Correct Answer:

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