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The original purchase price of a car is $12000. Each year, it’s value depreciates by 5%. Three years after it’s purchase, what is the value of the car?

The original purchase price of a car is $12000. Each year, it’s value depreciates by 5%. Three years after it’s purchase, what is the value of the car?
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4 votes
The original purchase price of a car is $12000. Each year, it’s value depreciates by 5%. Three years after it’s purchase, what is the value of the car?

asked
User Vlad Krasnov
by
7.8k points

1 Answer

3 votes

Answer:1800

Step-by-step explanation:12000x5%=600x3=1800

answered
User Marien
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8.5k points
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