The value V of an item after 7 years is given by the following formula, assuming linear depreciation, V = C-Crt, where C is the

Question

The value V of an item after 7 years is given by the following formula, assuming linear depreciation,
V = C-Crt,
where C is the original cost and r is the rate of depreciation expressed as a decimal.
If you buy a car for $7830 and it depreciates linearly at a rate of 17% per year, what will be its value after 9 months? Round your answer to the nearest cent.

Kunduz · Accepted Answer

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