In the year 2005, a person bought a new car for $14000. For each consecutive year after that, the value of the car depreciated by 14%. How much would the car be worth in the year 2008 to the nearest hundredth?

asked Jan 8, 2020 88.2k views

4 votes

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7 votes

Answer:

8900

Explanation:

Fubo answered Jan 10, 2020

by Fubo

6.4k points

2 votes

100%-14%=86%

2006, 2007, 2008 = 3 year

14 000$ *0,86³= 14000*0,636056=8904,784

answer ≈8904,78$

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