A car with an initial value of $23,000 is decreasing in value at a rate of 8% each year. At this rate, approximately what will the value of the car be in 3 years?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Feb 10, 2018 175k views

4 votes

A car with an initial value of $23,000 is decreasing in value at a rate of 8% each year. At this rate, approximately what will the value of the car be in 3 years?

Mathematics
high-school

Sorceri asked

by Sorceri

6.2k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 votes

$23000×8% = 1840
1840 × 3 = 5520
$23000 - $5520 = $17480 after 3 years

Sandy Sanap answered Feb 17, 2018

by Sandy Sanap

5.6k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.7m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions