The value of a car purchased for $20,000 decreases at a rate of 12% per year. What will be the value of the car after 3 years? A. $12,800.00 B.$13,629.44 C.$17,600.00 D.$28,098.56

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asked Jun 13, 2020 59.0k views

5 votes

The value of a car purchased for $20,000 decreases at a rate of 12% per year. What will be the value of the car after 3 years?

A. $12,800.00
B.$13,629.44
C.$17,600.00
D.$28,098.56

Mathematics
middle-school

Carl Owens asked

by Carl Owens

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1 Answer

6 votes

Answer:

The answer is A

Explanation:

$20,000 • .12= $2,400

$2,400 • 3= $7,200

$20,000 - $7,200= $12,800

$12,800

Andrew Alcock answered Jun 20, 2020

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