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27) A new car depreciates at a rate of 15% per year. What is the expected value of a $25,000 car after 5 years (rounded to nearest whole dollar)? A) $20750 B) $11093 C) $9429 D)…

27) A new car depreciates at a rate of 15% per year. What is the expected value of a $25,000 car after 5 years (rounded to nearest whole dollar)? A) $20750 B) $11093 C) $9429 D)…
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1 vote
27)

A new car depreciates at a rate of 15% per year. What is the expected value of a $25,000 car after 5 years (rounded to nearest whole dollar)?
A) $20750
B) $11093
C) $9429
D) $6250

asked
User Bharathiraja
by
7.5k points

1 Answer

2 votes
The answer is B.

You need to subtract 15% each year from the value of the car.
answered
User Lone Lunatic
by
8.5k points
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