Mathematics, 20.12.2021 17:40 TashaKessler3355

A car that when purchased 5 years ago cost $5,000 has a value now of $900. Find the value of the car of 8 years after its purchase by using the exponential model V(t) = V0etb, in which V(t) is the value of the car at any time t, V0 is the initial cost, t is the time in years, and b is the rate of depreciation. Round your answer to the nearest hundredth.

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A car that when purchased 5 years ago cost $5,000 has a value now of $900. Find the value of the car...