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Alex purchased a new car for $28,000. The car's value depreciates 7.25% each year. What will be the value of the car 5 years after it is purchased? Round your answer to the nearest dollar
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Alex purchased a new car for $28,000. The car's value depreciates 7.25% each year. What will be the value of the car 5 years after it is purchased? Round your answer to the nearest dollar

User SyntaxLAMP
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1 Answer

3 votes
a = 28000(0.9275)^5

a = 19219

$19,219 is the answer

Hoped this helped
User Geordy James
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