Question

In the year 2009, a person bought a new car for $23000. For each consecutive year after that, the value of the car depreciated by 13%. How much would the car be worth in the year 2012, to the nearest hundred dollars?

Answer 1

To find the value of the car in the year 2012, calculate the depreciation for each year starting from 2009.

Step-by-step explanation:

To find the value of the car in the year 2012, we need to calculate the depreciation for each year starting from 2009.

First, we need to calculate the amount of depreciation for each year. Multiplying the value of the car from the previous year by 0.13 will give us the depreciation amount for that year.

Then, we can subtract the depreciation amount from the previous year's value to find the new value of the car. Repeat this process for each year until we reach 2012.