Your car cost $42,500 when you purchased it in 2015. The value of the car decreases by 15% annually. How much will the car be worth in 2022? Help please I’m struggling!

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asked Jul 3, 2023 171k views

15 votes

Your car cost $42,500 when you purchased it in 2015. The value of the car decreases by 15% annually. How much

will the car be worth in 2022?

Help please I’m struggling!

Mathematics
high-school

PepperAddict asked

by PepperAddict

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1 Answer

12 votes

Answer:

About $13624.53

Explanation:

42500(1-0.15)^7

13624.526252

we have to simplify it so-

About $13624.53

Pierce Hickey answered Jul 9, 2023

by Pierce Hickey

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