Question

Mrs. Herring buys a car for $28,750 and the value of the car decreases at 12.5% each year. How much is her car worth after 5 years?

Answer 1

$14,746.13

Explanation:

28,750(1-.125)^x

The reason why it is .125 instead of 12.5 is beacuse you have to move the decimal over.

and you will get the answer of $14,746.13