Question

The value of a car decreases by 15% for each year the car is leased. If the original price of

the car was $15,000 what is the value of the car once it was leased for 4 years?

Answer 1

Around 7830 dollars

Explanation

Times 15,000 by 0.85, you'll get 12,750. Times each product by 0.85 and you'll get around 7830 dollars