Register
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
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
← Prev Question Next Question →

No related questions found

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

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
Link Copied!