Problema Solution
Cars depreciate in value as soon as you take them out of the showroom. A certain car originally cost $25,000. After one year, the car’s value is $21,500. Assume that the value of the car is decreasing exponentially; that is, assume that the ratio of the car’s value in one year to the car’s value for the previous year is constant.
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the rato is....................................0.86
after 2 years of buying, car's rate will be $18490..