You buy a new car for $35,000. The value of the car decreases by 12% each year. What will the value of the car be in 8 years?

Question

asked Mar 14, 2022 12.4k views

1 Answer

Justin Rhoades · Answer 1 · 2022-03-20T15:14:59+0000

Answer:

$1400

Explanation:

$35,000 ×12 ÷ 100 = $4200

$4200 × 8 = $33,600

$35,000 - $33,600 = $1400

Therefore the value of the car will be $1400