Mauricio purchased a car for 19,655. it depreciates about 4.7% each year. what is the value of the car after eight year?

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asked Jun 22, 2017 183k views

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Quiver · Answer 1 · 2017-06-27T04:12:32+0000

You would times 19,655 by .047 giving you 923.785. Next you would round you number to 923.79. fallowed by times it by 8, since that is the amount of years asked. leaving your car with a depreciated value of $12,264.68.

Mauricio purchased a car for 19,655. it depreciates about 4.7% each year. what is the value of the car after eight year?

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