PLS ANSWER!!! A car purchased for $18,000 depreciates annually at a rate of 5%. What will be the approximate value of the car in the 10th year?

asked Aug 4, 2022 7.2k views

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PLS ANSWER!!!

A car purchased for $18,000 depreciates annually at a rate of 5%.
What will be the approximate value of the car in the 10th year?

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2 votes

Answer:

I answered already but, here:

Explanation:

$18,000 x 5% = 900 x 10 years = $9000

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