Question

The value of a car depreciates every year ata constant rate, Gary bought a car for $25,000 in the year 2013. If the value of the car is expected to depreciate 15% annually, what can Gary expect for the value of his car in the year 2017?

Answer 1

Explanation:

15×4(which is the difference in the year)=60%(this is the depreciation percent)

The value of the car in 2017=40/100×25000=$10000