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Use the rule for term n of a linear growth or decay model

Question 1 of 8

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A courier company's delivery van costs $37,250 new, and its value falls at a flat rate of 9.1% p.a.

Let \(V_n\) be the value of the van, in dollars, after \(n\) years

\[V_0 = \$37{,}250\]
\[V_{n+1} = V_n - \$3{,}389.75\]
1 mark

What is the value after n years (n = 9)