120k views
1 vote
The original value of the car is $18,000 it depreciates by 15% every year what is the value of the car after three years

User Hyperdelia
by
8.3k points

1 Answer

4 votes
The formula is
A=p (1-r)^t
A the value of the car after 3 years ?
P current value 18000
R rate of depreciation 0.15
T time 3 years
A=18,000×(1−0.15)^(3)
A=11,054.25
User BluePeppers
by
8.1k points

No related questions found

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

9.4m questions

12.2m answers

Categories