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

Question

The value V of an item after t 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 $22,369 and it depreciates linearly at a rate of 11 % per year, what will be its value after 33 months? Round your answer to the nearest cent.

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The value V of an item after t 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 $22,369 and it depreciates