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I bought a car for $25,000, but its value is depreciating at a rate of 10% per year. How much will my car be worth after 8 years?

I bought a car for $25,000, but its value is depreciating at a rate of 10% per year. How much will my car be worth after 8 years?
asked 41.9k views
1 vote
I bought a car for $25,000, but its value is depreciating at a rate of 10% per year. How much will my car be worth after 8 years?

asked
User Lonnie Price
by
8.1k points

1 Answer

6 votes

Answer:

5000

Explanation:

Ur car loses 2500 dollars in value per year

answered
User Grgmo
by
7.9k points
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