Question

a car sales for 25,000 if the rate of depreciation is 15% what is the value of the car after 7 years round to the nearest hundred​

Answer 1

$8,000 to the nearest hundred.

Explanation:

A depreciation of 15% means that after each year the car is worth 0.85 of it's value the previous year.

So after 7 years the values of the car is 25,000(0.85)^7

= 8,014