The original price of a car is $25000. Each year, its value depreciates (loses value) by 13%. Three years after its purchase, what is the value of the car?

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asked Nov 17, 2022 157k views

7 votes

The original price of a car is $25000. Each year, its value depreciates (loses value) by 13%. Three years after its purchase, what is the value of the car?

Mathematics
high-school

I Stand With Israel asked

by I Stand With Israel

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1 Answer

8 votes

Answer:

$16,462.58

Explanation:

25000(1-.13)^(n)

where n is the years

25000(.87)^3

put this into a calculator and get

16462.57

Ravinder Reddy answered Nov 21, 2022

by Ravinder Reddy

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