Solve for the given time. You buy a car for $15,000 and it depreciates at a rate of 4.3% per month. How much is the car worth after a year?

Nk Mk asked May 5, 2022

525,260 views

19 votes

Solve for the given time.

You buy a car for $15,000 and it depreciates at a rate of 4.3% per month. How much is the car worth after a year?

Nk Mk asked May 5, 2022

by Nk Mk

3.0k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

15 votes

Answer:

8851.86

Explanation:

100-4.3= 95.7%

15000(.957)^12

ClarkXP answered May 11, 2022

3.2k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers