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The original value of a car is $22,000, and it depreciates (loses value) by 15% each year. What is the value of the car after three years?

The original value of a car is $22,000, and it depreciates (loses value) by 15% each year. What is the value of the car after three years?
asked 159k views
1 vote
The original value of a car is $22,000, and it depreciates (loses value) by 15% each year. What is the value of the car after three years?

asked
User Pjmil
by
8.2k points

2 Answers

3 votes

Answer:

13510.75

Explanation:

answered
User Anup Dey
by
7.2k points
4 votes
the value of the car after 3 years is $13510.75
answered
User James Whiteley
by
8.4k points
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