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john bought a new car for 20,000. if the car depreciates at a rate of 16% each year, what will be the value of the car after 3 years?
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21 votes
john bought a new car for 20,000. if the car depreciates at a rate of 16% each year, what will be the value of the car after 3 years?

User Fczbkk
by
3.8k points

2 Answers

4 votes

Answer:

13214

Explanation:

User Hassan Saleh
by
3.0k points
9 votes

Answer:11,854.08

Explanation:

20000(1-0.16)^3

User Scott Kilbourn
by
3.9k points
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