Question

Suppose Karl bought a used car for 12,600. Each year, its value is expected to depreciate by1,350. What will be the value of the car after 5 years?

1) $6,750
2) $6,000
3) $5,250
4) $4,500

Answer 1

After 5 years, the car Karl bought for $12,600 with an annual depreciation of $1,350 would be valued at $5,850, but this result doesn't match any of the provided answer choices.

Step-by-step explanation:

The depreciation percentage of a car varies depending on several factors such as the make and model, age of the car, and condition. Generally, cars depreciate between 15%-20% in the first year and about 10% each year after that. If Karl bought a used car for $12,600 and it depreciates $1,350 each year, we need to calculate its value after 5 years. The total depreciation over 5 years would be 5 years × $1,350/year = $6,750. To find the value of the car after 5 years, you subtract the total depreciation from the initial cost: $12,600 - $6,750 = $5,850.

However, this value does not match any of the provided options, which suggests there may have been a typo in the question or options provided. It's important to double-check the numbers or contact an educator for clarification. If we proceed as if the question intended to find one of the provided options for the value after depreciation, none of the options would be correct based on the calculation.