A car originally is worth $3000. It is decreasing in value by 3% every year. How much is it worth in 3 years. (Round to the nearest cent)

James Toomey asked Mar 27, 2023

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25 votes

A car originally is worth $3000. It is decreasing in value by 3% every year. How much is it worth in 3 years.

(Round to the nearest cent)

James Toomey asked Mar 27, 2023

2.7k points

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9 votes

Answer: $2738.02

Explanation:

1) (3000x0.97) = 2910 } Year 1

2) (2910x0.97) = 2822.7 } Year 2

3) (2822.7x0.97) = 2738.019 } Year 3

Ves answered Apr 1, 2023

by Ves

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