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A car decreases in value of 0.8% for every year it is driven. If the car's value begains at $15,000, how much will it be worth in 5 years?

A car decreases in value of 0.8% for every year it is driven. If the car's value begains at $15,000, how much will it be worth in 5 years?
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2 votes
A car decreases in value of 0.8% for every year it is driven. If the car's value begains at $15,000, how much will it be worth in 5 years?

asked
User Malik Bagwala
by
8.1k points

1 Answer

6 votes
$14,411.84
use pert but with a negative rate
makes sense cause its less than 15,000
answered
User Jessann
by
8.3k points
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