Nonlinear Functions

SAT Math· difficulty 4/5

A car starts at \30{,}000$ and depreciates 12% per year. Its value after 4 years is closest to:

  • A

    \15{,}000$

  • B

    \22{,}500$

  • C

    \17{,}900$

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  • D

    \13{,}500$

Explanation

30000 \cdot (0.88)^4 = 30000 \cdot 0.5997 \approx \17{,}992$.

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