Question

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

Answer 1

The answer is A

Explanation:

$20,000 • .12= $2,400

$2,400 • 3= $7,200

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

$12,800