Question

A car valued at $20,000 depreciates at a rateof 2% during the first 5 years, then at a rateof 2.5% every year after that. What will thecar’s value be after 10 years?)

Answer 1

$15928.81

Explanation:

hope this works

2000 x (0.98)^5 = ans

ans x (0.975)^5 = 15928.81442 which rounds to $15928.81