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Alex purchased a new car for $28,000. The car's value depreciates 7.25% each year. What will be the value of the car 5 years after it is purchased? Round your answer to the…
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Alex purchased a new car for $28,000. The car's value depreciates 7.25% each year. What will be the value of the car 5 years after it is purchased? Round your answer to the…
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Jan 11, 2019
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Alex purchased a new car for $28,000. The car's value depreciates 7.25% each year. What will be the value of the car 5 years after it is purchased? Round your answer to the nearest dollar.
Mathematics
high-school
Talitha
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Answer:
$19,219
This is the right answer for this question.
NixonSparrow
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Jan 12, 2019
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so if we multiple the rate (7.25) by 5, we get 36.25
100 - 36.25 is 73.75
73.75% of 28000 is $20650
sorry if it's wrong, I didn't use paper to calculate
Sanity
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Jan 15, 2019
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