1. **Stating the problem:** We have a car's value depreciating over 5 years, with given values for each year. We want to understand the pattern and complete the table.
2. **Formula and rules:** Depreciation often follows an exponential decay model:
$$ V = V_0 \times r^t $$
where $V$ is the value after $t$ years, $V_0$ is the initial value, and $r$ is the decay rate (between 0 and 1).
3. **Given data:**
- $V_0 = 30000$
- $V_1 = 20000$
- $V_2 = 10831.72$
- $V_3 = 7228.45$
- $V_4 = 4586.03$
- $V_5 = 3950.62$
4. **Find the decay rate $r$ using years 0 and 1:**
$$ 20000 = 30000 \times r^1 $$
Divide both sides by 30000:
$$ \frac{20000}{30000} = \cancel{\frac{30000}{30000}} \times r $$
$$ \frac{2}{3} = r $$
So, $r = \frac{2}{3} \approx 0.6667$.
5. **Check if this $r$ fits year 2:**
$$ V_2 = 30000 \times \left(\frac{2}{3}\right)^2 = 30000 \times \frac{4}{9} = 13333.33 $$
But given $V_2 = 10831.72$, which is less, so the decay is not exactly constant.
6. **Try to find $r$ using years 0 and 5:**
$$ 3950.62 = 30000 \times r^5 $$
Divide both sides by 30000:
$$ \frac{3950.62}{30000} = r^5 $$
$$ 0.131687 = r^5 $$
Take the fifth root:
$$ r = \sqrt[5]{0.131687} $$
Calculate:
$$ r \approx 0.66 $$
7. **Conclusion:** The decay rate $r$ is approximately 0.66, meaning the car loses about 34% of its value each year.
8. **Complete the table:** Values are given, so the table is complete.
**Final answer:** The depreciation follows approximately
$$ V = 30000 \times (0.66)^t $$
with values matching the table.
Car Depreciation 2E4A30
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