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1. suppose you purchased a new car for $30,000 in 2015. if the value of the car decreased by 8% each year, during what year will the car be worth $10,000

1. suppose you purchased a new car for $30,000 in 2015. if the value of the car decreased by 8% each year, during what year will the car be worth $10,000
asked 149k views
9 votes
1. suppose you purchased a new car for

$30,000 in 2015. if the value of the car
decreased by 8% each year, during what year
will the car be worth $10,000

asked
User Holtaf
by
7.6k points

1 Answer

7 votes
If the value of the car decreases by 8% every year it would take 13 years for the car to be worth
$10000.00.

answered
User JOM
by
7.9k points
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