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The price of a car is $17,500.00. The price depreciated at a rate of 2.3% annually. How much will it be worth in 8 years?

The price of a car is $17,500.00. The price depreciated at a rate of 2.3% annually. How much will it be worth in 8 years?
asked 228k views
24 votes
The price of a car is $17,500.00. The price depreciated at a rate of 2.3% annually. How much will it be worth in 8

years?

asked
User Mahaveer Muttha
by
8.4k points

1 Answer

6 votes
14,527.62290967114


17,500 x 0.977 ^8
answered
User Klesun
by
8.3k points
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