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A family buys a car for $20,000. The value depreciates or decreases at 20% each year. What is the value of the car after 6 years?.

A family buys a car for $20,000. The value depreciates or decreases at 20% each year. What is the value of the car after 6 years?.
asked 2.3k views
5 votes
A family buys a car for $20,000. The value depreciates or decreases at 20% each year. What is the value of the car after 6 years?.

asked
User Sarrah
by
8.9k points

1 Answer

3 votes

Answer:$5242.88

Step-by-step explanation:

answered
User CmdNtrf
by
8.3k points
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