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Nina's car exponentially depreciates at a rate of 7% per year. If Nina bought the car when it was six year old for $12,000 what was the original price of the car?

Nina's car exponentially depreciates at a rate of 7% per year. If Nina bought the car when it was six year old for $12,000 what was the original price of the car?
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Nina's car exponentially depreciates at a rate of 7% per year. If Nina bought the car when it was six year old for $12,000 what was the original price of the car?

User Henry Sou
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1 Answer

5 votes
$18,547.42, hope it works!

User Markus AO
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7.7k points
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