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The original purchase price of a car is 16,000, Each year, its value depreciates by 10%. Three years after its purchase, what is the value of the car? 16 11,664 34,587.23 12,960…

The original purchase price of a car is 16,000, Each year, its value depreciates by 10%. Three years after its purchase, what is the value of the car? 16 11,664 34,587.23 12,960…
asked 14.4k views
4 votes
The original purchase price of a car is 16,000, Each year, its value depreciates by 10%. Three years after its purchase, what is the value of the car?

16
11,664
34,587.23
12,960

asked
User Compadre
by
8.4k points

1 Answer

6 votes
The answer is 11,664
answered
User Henryabra
by
7.9k points
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