Question

the present price of a car is 33750 every year the price decreased by 4% find the price of a car after 4 years​

Answer 1

Answer: 28,665 currency units

Explanation:

Find the value of the car after 4 years using the Future value formula:

= Amount * ( 1 + rate) ^ no. of years

= 33,750 * ( 1 + (-4%))⁴

= 33,750 * 0.84934656‬

= 28,665.45

= 28,665 currency units