16Hit1600
Advanced MathEasy–MediumCar value after one year of depreciation

Advanced Math practice question

The value V, in dollars, of a car t years after purchase is modelled by V(t) = 20,000(0.8)ᵗ. What is the value of V(1)?

Answer: 16000

20,000 × 0.8 = 16,000.

Common wrong answers

If you answered 4000
4000 is the loss in value, not the remaining value.
If you answered 12800
12800 is V(2).
If you answered 20000
20000 is V(0).

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