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A new car is purchased for $16600. The value of the car depreciates at 9.75% per year. What will the value of the car be, to the nearest cent, after 8 years?

A new car is purchased for $16600. The value of the car depreciates at 9.75% per year. What will the value of the car be, to the nearest cent, after 8 years?
asked 91.1k views
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A new car is purchased for $16600. The value of the car depreciates at 9.75% per year. What will the value of the car be, to the nearest cent, after 8 years?

asked
User Rema
by
7.4k points

1 Answer

0 votes

Answer:

$3652

Explanation:

9.75% × $16600 = $1618.50

$16600 - (8 × $1618.50) = $3652

answered
User Michael Niemand
by
8.4k points
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