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Chapter 5: Q. 103 (page 285)

Depreciation The price p, in dollars, of a Honda Civic DX Sedan that is x years old is modeled by

p(x)=16,630(0.90)x

(a) How much should a 3-year-old Civic DX Sedan cost?
(b) How much should a 9-year-old Civic DX Sedan cost?


Short Answer

Expert verified

(a) 12,123

(b) 6443

Step by step solution

01

Step 1.Given information

The price p, in dollars, of a Honda Civic DX Sedan that is x years old is modeled by

p(n)=16,630(0.90)x

02

Step 2.How much should a 3-year-old Civic DX Sedan cost? 

Substitute 3 for x in the given function and simplify.

p(3)=16,630(0.90)3=16,630(0.729)=12,123

03

Step 3. How much should a 9-year-old Civic DX Sedan cost? 

Replacexwith 9 in the given function and simplify.
p(9)=16,630(0.90)9=16,630(0.38742)=6443

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