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

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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

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15 votes

Answer:

8851.86

Explanation:

100-4.3= 95.7%

15000(.957)^12

ClarkXP answered May 11, 2022

3.2k points

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