Question

Ben buys a car for $50,000. The value of the car decreases at a rate of 4% per year. How much will the car be worth in 3 years?

Answer 1

The answer is 44,237.

Explanation:

50000×0.96×0.96×0.96

=44236.8

when rounded to the nearest dollar it is 44,237.

Answer 2

50000*0.04*3=6000,,50000-6000=44000