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1 year ago

6

Each year a car is worth 8% less than it was the year before. After 3 years, the car is worth $19,311.46. What was the original

cost of the car?

1 answer:

vagabundo [1.1K]1 year ago

3 0

Answer:

$24,800

Step-by-step explanation:

If a car is worth 8% less after one year, then it is worth 92% of the original value.

original value = x

after 1 year: 0.92x

after 2 years: 0.92(0.92x)

after 3 years: 0.92(0.92(0.92x))

0.92³x = $19,311.46

x = $19,311.46/0.92³

x = $24,800

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Step-by-step explanation:

Given

Geometric Progression

$T_5 = 160$

$T_7 = 40$

Required

$T_6$

To get the 6th term of the progression, first we need to solve for the first term and the common ratio of the progression;

To solve the common ratio;

Divide the 7th term by the 5th term; This gives

$\frac{T_7}{T_5} = \frac{40}{160}$

Divide the numerator and the denominator of the fraction by 40

$\frac{T_7}{T_5} = \frac{1}{4}$ ----- equation 1

Recall that the formula of a GP is

$T_n = a r^{n-1}$

Where n is the nth term

So,

$T_7 = a r^{6}$

$T_5 = a r^{4}$

Substitute the above expression in equation 1

$\frac{T_7}{T_5} = \frac{1}{4}$ becomes

$\frac{ar^6}{ar^4} = \frac{1}{4}$

$r^2 = \frac{1}{4}$

Square root both sides

$r = \sqrt{\frac{1}{4}}$

r = ± $\frac{1}{2}$

Next, is to solve for the first term;

Using $T_5 = a r^{4}$

By substituting 160 for T5 and ± $\frac{1}{2}$ for r;

We get

$160 = a \frac{1}{2}^{4}$

$160 = a \frac{1}{16}$

Multiply through by 16

$16 * 160 = a \frac{1}{16} * 16$

$16 * 160 = a$

$2560 = a$

Now, we can easily solve for the 6th term

Recall that the formula of a GP is

$T_n = a r^{n-1}$

Here, n = 6;

$T_6 = a r^{6-1}$

$T_6 = a r^5$

$T_6 = 2560 r^5$

r = ± $\frac{1}{2}$

So,

$T_6 = 2560( \frac{1}{2}^5)$ or $T_6 = 2560( \frac{-1}{2}^5)$

$T_6 = 2560( \frac{1}{32})$ or $T_6 = 2560( \frac{-1}{32})$

$T_6 = 80$ or $T_6 = -80$

$T_6 =$ ±80

Hence, the 6th term is positive/negative 80

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