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Chris plans to buy a car that depreciates in value at a rate of 10% per year. If the car initially costs $32,000. How much will the car be worth after 5 years?

Chris plans to buy a car that depreciates in value at a rate of 10% per year. If the car initially costs $32,000. How much will the car be worth after 5 years?
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Chris plans to buy a car that depreciates in value at a rate of 10% per year. If the car initially costs $32,000. How much will the car be worth after 5 years?

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User Djc
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1 Answer

4 votes
The car would be worth $16,000 after 5 years.
answered
User Vmkcom
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8.6k points
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