A new car is purchased for 17600 dollars. The value of the car depreciates at 11.75% per year. What will the value of the car be, to the nearest cent, after 11 years?

Question

asked Mar 8, 2022 187k views

1 Answer

Digitalmaps · Answer 1 · 2022-03-14T23:17:58+0000

Answer:

The value of the car will be

4450.15

Explanation:

we know that

11.75%=11.75/100=0.1175

so Let

x-----> the value of the car after 11 years

X=17600(1-0.1175)11=4450.15

Explanation: