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I buy a car for 24,000 dollars. My car depreciates 11% per year. How much will it cost after 5 years?

I buy a car for 24,000 dollars. My car depreciates 11% per year. How much will it cost after 5 years?
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3 votes
I buy a car for 24,000 dollars. My car depreciates 11% per year. How much will it cost after 5 years?

User Jovobe
by
7.4k points

1 Answer

4 votes
24000x0.11x5

then solve.
User Alexander Hramov
by
9.0k points
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