Question

If a car is worth 28,000 in 2019 and the value depreciates at8.5% per year, what will it be worth in 2030? The answer is 10,538.77 I just need help finding how to get that answer.

Answer 1

Explanation:

just take 8.5% of 28,020 off for ever year until you get to 2030.

8.5% is 2381.70

Take 2381.70 of 28,020 each year