Jonas purchased a new car for $18,000. Each year the value of the car depreciates by 40% of its value the previous year. How much will the car be worth in 7 years?

Question

asked Jan 19, 2021 206k views

1 Answer

Zwiebl · Answer 1 · 2021-01-25T10:49:09+0000

Answer:

It would be worth $5,040 after 7 years

Explanation:

Multiply 40% by 7 and get 280, then turn it into a percent, .280, finally multiply it by $18,000 to get $5,040