Register

A $30,000 car depreciates in value 12% a year. How much will the car be worth in 5 years?

A $30,000 car depreciates in value 12% a year. How much will the car be worth in 5 years?
asked 86.6k views
0 votes
A $30,000 car depreciates in value 12% a year. How much will the car be worth in 5 years?

asked
User Tylor
by
8.0k points

2 Answers

1 vote
It will be worth $15,832
answered
User Pixel Rubble
by
8.0k points
2 votes
f=ir^t, f=final value, i=initial value, r=rate, t=time, in this case:

f=30000((100-12)/100)^t

f=30000(0.88)^t so

f(5)=30000(0.88)^5

f(5)=$15831.96 to nearest cent
answered
User Idan Moshe
by
8.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!