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A car loses its 15% of its current value every year. What is the value of a car that was bought for $20,000 in two years?

A car loses its 15% of its current value every year. What is the value of a car that was bought for $20,000 in two years?
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A car loses its 15% of its current value every year. What is the value of a car that was bought for $20,000 in two years?

asked
User Juncu
by
8.0k points

1 Answer

2 votes

Answer:

$14,450

Explanation:

y=20,000(1-0.15)^x

Hope This Helps :D

answered
User Noc
by
8.3k points
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