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For tax purposes, a car rental company assumes each car in their fleet depreciates by 7% per year. If the initial value of a car is $32,200.00, what will the value be when the car is 9 years old?
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For tax purposes, a car rental company assumes each car in their fleet depreciates by 7% per year. If the initial value of a car is $32,200.00, what will the value be when the car is 9 years old?

User Vincent Han
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7.9k points

1 Answer

6 votes
The value of the car would be worth about
16757.23$
User Ichigolas
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8.3k points
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