Question

Score: 11/20 12/20 answered

Question 7
$
A car was valued at $42,000 in the year 2009. By 2013, the car value had depreciated to $11,000. If the
car's value continues to drop by the same percentage, what will it be worth in 2019? Round to the
nearest dollar.
Question Help: VIDEO
<
Submit

Answer 1

Worth in 2019 is $12423.75

Step-by-step explanation:

Current worth is C=$28000

Depreciation rate is D=15%

Time in years is T=19

Worth (W) 2019: W=C(1−D100)T=2800⋅(1−15100)19=$12423.75 [Ans]