A cars value starts at $32,000. After 1 year, it is worth $27,200. What is the decay factor?

Question

asked Mar 3, 2022 152k views

1 Answer

Dbconfession · Answer 1 · 2022-03-09T00:19:33+0000

Answer:

15% × 7 = 1.05

32,000 - 1.05 = 31,998.95

31,998.95 ‐‐‐‐‐> 31,999

$31,999

(If you don't need to simplify, the answer would be $31,998.95, but I did it just incase you do)

Explanation: