Answer:
Initial Value: 19,900
Value after 11 years: 7953
Explanation:
The initial value of the car is its value at t =0. Therefore, to find this initial value, we put in t = 0 to get
[tex]v(0)=19,900(0.92)^0[/tex][tex]\boxed{v\mleft(0\mright)=19,900}[/tex]
Hence, the initial value is $19,900.
Now, to find the value after 11 years, we put t = 11 into the equation and get
[tex]v(11)=19,900(0.92)^{11}[/tex]
which gives (rounded to the nearest dollar)
[tex]\boxed{v\mleft(11\mright)=7953}[/tex]
which is our answer!
Hence, the value after 11 years is $7953.
