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Monthly car sales for a certain type of car are $350,000 and sales are depreciating at a rate of 3% per month.
a. Write an equation to represent this situation.
b. What will the monthly sales be after 8 months?

Respuesta :

sirswagger21

a) [tex]350000 * 0.97^m[/tex], b) $274310.18

Step-by-step explanation:

3 percent decline is 0.97, so 350,000*0.97^m where m is the month.

That means 350,000*0.97^8 = 274310.18 dollars.

Hope that helped,

-sirswagger21

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