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The value of a car is $21,000. It loses 11.8% of its value every year. Find the approximate monthly decrease in value. Round your answer to the nearest tenth.
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The value of a car is $21,000. It loses 11.8% of its value every year. Find the approximate monthly decrease in value. Round your answer to the nearest tenth.

User Whatoncewaslost
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1 Answer

5 votes
Every month the car decreases by $206.5

Step-by-step explanation:
Every year 11.8 percent = .118
Divide by 12
Every month .983 percent = .00983
21,000 x .00983 = 206.5
User Zzfima
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5.4k points
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