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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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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

User Carl Owens
by
5.9k points

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

User Andrew Alcock
by
6.0k points
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