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Suppose you buy a car with a value of $9,250. Each year the value of your car will depreciate by 5.1%. How much will your car be worth in 8 years?

Suppose you buy a car with a value of $9,250. Each year the value of your car will depreciate by 5.1%. How much will your car be worth in 8 years?
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Suppose you buy a car with a value of $9,250. Each year the value of your car will depreciate by 5.1%. How much will your car be worth in 8 years?

User Cemregoksu
by
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2 Answers

5 votes
9250*0.051*8=3774,,9250-3774=5476
User Shawn Patrick Rice
by
8.1k points
6 votes
9250 / 100= 92.50 which is 1%

92.50 x 5.1 = 471.75 which is 5.1%


471.75 x 8 = 3774
9250 - 3774 = 5476

The answer is $5476
User Wcrane
by
7.9k points
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