Algebra-1

To calculate the value of the car after 8 years, we can use the formula V = A⋅(1 - r)^t, where:

V is the value of the car after the specified time period,
A is the initial value or cost of the car,
r is the rate of depreciation per time period, expressed as a decimal, and
t is the number of time periods.

In this case, let's calculate the value of the car after 8 years.

A = $45,000 (initial value of the c...