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Michael bought a car for $6500 in 2018. The price of the car declines by 14.3% per year driven. How much will the car be worth in 2030?

Michael bought a car for $6500 in 2018. The price of the car declines by 14.3% per year driven. How much will the car be worth in 2030?
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5 votes
Michael bought a car for $6500 in 2018. The price of the car declines by 14.3% per

year driven. How much will the car be worth in 2030?

User Danny Ruijters
by
8.0k points

1 Answer

6 votes
11,154

30-18=12 12x6500x14.3%= 11,154 So the answer would be 11,154
User Mch
by
8.1k points
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