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A Sport Utility Vehicle That Costs $33,000 New Has a Depreciated

Question 161

Multiple Choice

A sport utility vehicle that costs $33,000 new has a depreciated value of $22,000 after 1 year. Find the value of the sport utility vehicle when it is 3 years old by using the exponential model y=Cekty = C e ^ { k t } . Round your answer to the nearest dollar.


A) $19,458
B) $15,469
C) $6,519
D) $14,667
E) $9,778

Correct Answer:

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