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A new car is purchased for 24500 dollars. The value of the car depreciates at 14.75% per year. What will the value of the car be, to the nearest cent, after 14 years?

A new car is purchased for 24500 dollars. The value of the car depreciates at 14.75% per year. What will the value of the car be, to the nearest cent, after 14 years?
asked 96.0k views
3 votes
A new car is purchased for 24500 dollars. The value of the car depreciates at 14.75% per year. What will the value of the car be, to the nearest cent, after 14 years?

asked
User Tomleb
by
8.0k points

1 Answer

4 votes

Answer:

$258

Explanation:

answered
User Mo Moosa
by
7.7k points
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