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The original value of a car is 15,000 and it depreciates 20% each year. What is the value of the car after 3 years

The original value of a car is 15,000 and it depreciates 20% each year. What is the value of the car after 3 years
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The original value of a car is 15,000 and it depreciates 20% each year. What is the value of the car after 3 years

User TheChrisKent
by
7.9k points

1 Answer

3 votes
P=1500 I=PRT
R=20% I= 15,000 X .20 X 3
T=3 I= 9000
User Vroo
by
8.1k points
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