Question

A car that is worth 32,000 decreases in value (V) by 12% per year (t). How much will the car be worth in 3 years? (Please round to the nearest dollar) plz help

Answer 1

$21,807.10

Explanation:

Amount ( percent decrease)^time

32,000(0.88)^3 = $21,807.10

Percent decrease = 100 - 12 = 88%