Question

A new vehicle is worth $2500. If it depreciates records in value 12% per year, after 6 years what will it be worth

Answer 1

Explanation:

2500 - 12%

12% of 2500 = 300

2500 - 300 = 2200

12% of 2200 = 264

2200-264=1936

Repeat another 4 times