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jane Marko buys a car for $11.400.00 In three years , the car depreciates 48% in value .How much is the car worth in three year.
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jane Marko buys a car for $11.400.00 In three years , the car depreciates 48% in value .How much is the car worth in three year.

User Bilal Butt
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1 Answer

2 votes
A=P(1-r)^n

where A= ?

P= $11,400

r=48%

n=3

1-r=0.52

A=11,400(0.52)^3

= $1602.93




User Litz
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