The function that gives the car's value, V(t), t years after it is sold is V(t) = 5000 * 0.9^t
How to determine the function?
The given parameters are:
Initial value, a = 5000
Rate, r = 1/10
The function V(t) is then calculated as:
V(t) = a * (1 - r)^t
Substitute known values
V(t) = 5000 * (1 - 1/10)^t
Evaluate
V(t) = 5000 * 0.9^t
Hence, the function that gives the car's value, V(t), t years after it is sold is V(t) = 5000 * 0.9^t
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