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A car purchased for $16, 000 depreciates at a constant rate of 14 %. What will be the value of thecar in 8 years.Use the formula: V = P(1-r(t))The value in 8 years is $Round answer to 2 decimal places
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A car purchased for $16, 000 depreciates at a constant rate of 14 %. What will be the value of thecar in 8 years.Use the formula: V = P(1-r(t))The value in 8 years is $Round answer to 2 decimal places

User Bowdzone
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1 Answer

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Step-by-step explanation:

Using the given formula: V = P(1-r(t))

User JustLogic
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