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In the year 2005, a person bought a new car for $14000. For each consecutive year after that, the value of the car depreciated by 14%. How much would the car be worth in the yea…

In the year 2005, a person bought a new car for $14000. For each consecutive year after that, the value of the car depreciated by 14%. How much would the car be worth in the yea…
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In the year 2005, a person bought a new car for $14000. For each consecutive year after that, the value of the car depreciated by 14%. How much would the car be worth in the year 2008, to the nearest hundred dollars?

asked
User Keith Kong
by
7.9k points

1 Answer

4 votes

Explanation:

$ 14000 * 0.86 ^ 3 = 8904.784

to the nearest hundred dollars it's $ 8900

answered
User Allemattio
by
8.6k points
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