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You bought a car for $5,000. Each year it appreciates in value by 8.5%. Which equation can be used to find the value, v, of the car, x years after it was purchased?\

Sagot :

The equation that represents the value of the car is v = $5000(1.085)^x.

What equation represents the value of the car?

Appreciation means when the value of a car increases with the passage of time. The formula that can be used to represent appreciation is:

FV = P (1 + r)^n

Where:

  • FV = Future value
  • P = Present value
  • R = interest rate
  • N = number of years

V = 5000(1.085)^X

To learn more about future value, please check: https://brainly.com/question/18760477

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