Question

A new car is purchased for 17600 dollars. The value of the car depreciates at 11.75%

per year. What will the value of the car be, to the nearest cent, after 11 years?

Answer 1

The value of the car will be

4450.15

Explanation:

we know that

11.75%=11.75/100=0.1175

so Let

x-----> the value of the car after 11 years

X=17600(1-0.1175)11=4450.15

Explanation: