Question

A new car is purchased for 16900 dollars. The value of the car depreciates at 15% per year. What will the value of the car be, to the nearest cent, after 15 years ?

Answer 1

$ 11093

Explanation:

A=25000(1+-0.15/1) 1(5) <-- that is supposed to be exponent

A=25000(0.85)) 5 <-- supposed to be exponent

A = 11092.63

Value to nearest cent is = $11093