Question

Manual purchased a car for $13,935 it depreciates about 2.5% each year what is the value of the car after 12 years

Answer 1

I would say 4,180.5 if you need help with how I got that let me know

Answer 2

Imma assume compound interest

so

we do
A=P(1-r)^t
that is for depreciation
A=future amount
P=present amount
r=rate in decimal
t=time in years

given
P=13935
r=2.5%=0.025
t=12


A=13935(1-0.025)^12
A=13935(0.975)^12
A=10284.0069
rounded to nearest cent
A=$10,284.01


the value is $10,284.01