Register

The original value of a car is $15,000 and it depreciates (loses value) by 20% each year. What is the value of the car after three years?

The original value of a car is $15,000 and it depreciates (loses value) by 20% each year. What is the value of the car after three years?
164k views
1 vote
The original value of a car is $15,000 and it depreciates (loses value) by 20% each year. What is the value of the car after three years?

User Thellimist
by
8.4k points

1 Answer

2 votes
$15,000 * 0.8 = $12,000
$12,000 * 0.8 = $9,600
$9,600 * .08 = $7,680
User Mischa Kroon
by
8.2k 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

Categories

Other Questions

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?
Link Copied!