Question

A car that cost 700,000.00 depreciates 15% in the value each year for the first five years. What is the cost after 5 years?

Answer 1

310559.29375

Explanation:

i multiplied the original 700,000 times 0.15 to see what that would equal which was 105,000 then took that away from 700k which was 595,000 then multiplied that by 0.15 which was 89,250 i did this process 5 times and came up with 310,559. 29375