BW 3/4

Rylee purchased a four-year old car for $28,000. Her online research indicates that the car will depreciate exponentially at a rate of 5 1/4% per year. Write the exponential depreciation formula for Rylee's car.

• $y=28,000\left(1+.0525\right)^x$

• $y=28,000\left(1-.0525\right)^x$

• $y=28,000\left(1+5.25\right)^x$

• $y=28,000\left(1-5.25\right)^x$

Rylee purchased a four-year old car for $28,000. Her online research indicates that the car will depreciate exponentially at a rate of 5 1/4% per year. How much will Rylee's car be worth at 63 months?

• $936.80

• $11,437.65

• $21,095.94

• $36,628.92