Answer :
The cost after x years is the initial cost minus the amount of decrease after the duration of x years
Percentage Decrease
Given Data
- Initial Cost of vehicle = $25,399
- Rate of decrease = 8.5%
- Duration = yearly
Let us find 8.5% of $25,399
= 8.5/100*$25,399
= 0.085*25399
= 2158.915
Cost after x years will be
Final cost = 25,399 - 2158.915*x
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