Question

Donald bought a car for $8650. The value of the car is decreasing at a rate of 3% per year. How much will Donald's car be worth in 7 years?

Answer 1

6989.05

Explanation:

8650(1-0.03)^7

8650(0.97)^7

8650*0.80798284

6989.05

Answer 2

SO! Let's get started lol

The car is worth 97% of its orginal cost value each and every year.

So we would have to multiply 8650 by 0.97 seven times.

8650* 0.97*0.97*0.97*0.97*0.97*0.97*0.97

and the the final answer is $6989.05

Hope this helps!