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A car was bought for $18,000. It’s value depreciated by 15% each year for the first three years. What was its value at the end of the first three years?

A car was bought for $18,000. It’s value depreciated by 15% each year for the first three years. What was its value at the end of the first three years?
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A car was bought for $18,000. It’s value depreciated by 15% each year for the first three years.

What was its value at the end of the first three years?

A car was bought for $18,000. It’s value depreciated by 15% each year for the first-example-1
asked
User RexFuzzle
by
7.9k points

1 Answer

9 votes

Answer: 11054.25

Explanation:

answered
User Ashitosh
by
7.8k points
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