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Your car cost $42,500 when you purchased it in 2015. The value of the car decreases by 15% annually. How much will the car be worth in 2022? Help please I’m struggling!

Your car cost $42,500 when you purchased it in 2015. The value of the car decreases by 15% annually. How much will the car be worth in 2022? Help please I’m struggling!
asked 171k views
15 votes
Your car cost $42,500 when you purchased it in 2015. The value of the car decreases by 15% annually. How much

will the car be worth in 2022?


Help please I’m struggling!

asked
User PepperAddict
by
8.3k points

1 Answer

12 votes

Answer:

About $13624.53

Explanation:

42500(1-0.15)^7

13624.526252

we have to simplify it so-

About $13624.53

answered
User Pierce Hickey
by
8.4k points
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