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John bought a new car for 20,000. if the car depreciates at a rate of 16% each year, what will be the value of the car after 3 years?

John bought a new car for 20,000. if the car depreciates at a rate of 16% each year, what will be the value of the car after 3 years?
asked 139k views
21 votes
john bought a new car for 20,000. if the car depreciates at a rate of 16% each year, what will be the value of the car after 3 years?

asked
User Fczbkk
by
8.4k points

2 Answers

4 votes

Answer:

13214

Explanation:

answered
User Hassan Saleh
by
7.9k points
9 votes

Answer:11,854.08

Explanation:

20000(1-0.16)^3

answered
User Scott Kilbourn
by
8.2k points
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