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A new car is purchased for 23700 dollars. The value of the car depreciates at 13.5% per year. What will the value of the car be, to the nearest cent, after 10 years

A new car is purchased for 23700 dollars. The value of the car depreciates at 13.5% per year. What will the value of the car be, to the nearest cent, after 10 years
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12 votes
A new car is purchased for 23700 dollars. The value of the car depreciates at 13.5% per year. What will the value of the car be, to the nearest cent, after 10 years

asked
User Orace
by
8.6k points

2 Answers

9 votes
The answer is 23,698.65 : )
answered
User Amresh
by
7.7k points
3 votes

Answer:

Tenth year value = 6425.29 - 867.41

= $5557.88

answered
User Jesse Webb
by
8.0k points
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