Question

If a new car is valued at $21,100

$
⁢
21,100
, what will its value be in 3
3
years if it depreciates 9.2%
9.2
%
each year? Round your answer to the nearest cent, if necessary.

Answer 1

value will be $16,781.28.

Explanation:

If $21,100 depreciates by 9.2% each year for 3 years, its value will be $16,781.28.