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The value of a car is $34535, in 20 years the value will decrease to $500. What is the average amount of depreciation per year?

The value of a car is $34535, in 20 years the value will decrease to $500. What is the average amount of depreciation per year?
asked 87.5k views
4 votes
The value of a car is $34535, in 20 years the value will decrease to $500. What is the average amount of depreciation per year?

asked
User Zhekanax
by
7.5k points

1 Answer

3 votes

Answer:

$1701.75

Explanation:

34535-500=34035

34035/20=$1701.75 per year

answered
User Salil
by
8.9k points
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