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A new car is purchased for 17900 dollars. The value of the car depreciates at 13% per year. What will the value of the car be, to the nearest cent, after 7 years?

A new car is purchased for 17900 dollars. The value of the car depreciates at 13% per year. What will the value of the car be, to the nearest cent, after 7 years?
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A new car is purchased for 17900 dollars. The value of the car depreciates at 13% per year. What will the value of the car be, to the nearest cent, after 7 years?

User Moyheen
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1 Answer

3 votes
17,900 * (1 -0.13)^7 = 6752.86 . . . . dollars
User Ballon Ura
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