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1. A car is worth $50,000 brand new and it will lose 10% of its value each year. At this rate how much will the car be worth after 10 years?

1. A car is worth $50,000 brand new and it will lose 10% of its value each year. At this rate how much will the car be worth after 10 years?
asked 43.9k views
8 votes
1. A car is worth $50,000 brand new and it will lose 10% of its value each year. At this rate how much

will the car be worth after 10 years?

asked
User Sabastian
by
8.3k points

2 Answers

9 votes
£17,433.92

it’s 0.9 because 10% is 0.1 so 1-0.1
1. A car is worth $50,000 brand new and it will lose 10% of its value each year. At-example-1
answered
User Pete Koomen
by
9.1k points
6 votes

50000 - 5000 ten times and then youll end up with 0
The car wouldnt be worth anything
answered
User Tiagosilva
by
7.6k points
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