a new motor home costs $89000. It is expected to depreciate 9% each year.Find the value of the motor home in 4 years.

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a new motor home costs $89000. It is expected to depreciate 9% each year.Find the value of the motor home in 4 years.

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The function which represents the situation is:

[tex]\boxed{y=89000*(0.91)^t}[/tex]

where t is the time in years and y is the depreciated value of the motor.

In 4 yars value will depreciated to:

[tex]y=89000(0.91)^4\\ \\ y=89000(0.6857)\\ \\ \boxed{y=US\$ \ 61031.71}[/tex]

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