Register
You bought a car 3 years ago for $12000. If its value decreases by 17% each year, how much is your car worth now?
219k views
19 votes
You bought a car 3 years ago for $12000. If its value decreases by 17% each year, how much is your car worth now?

User Migi
by
8.8k points

1 Answer

8 votes

Answer: $‭6,861.44

Explanation:

Car was bought 3 years ago for $12,000.

Value decreases by 17% every year.

Current value is:

= 12,000 * (1 - 17%)³

= $‭6,861.44

User MBoros
by
8.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!