Question

You buy a used car for $20,000. It depreciates at the rate of 21% per year. Find the value of the car for the given years. A. 5 years. B. 8 years. Explain how you got your answer.

Answer 1

a. 840

b. 525

Explanation:

x = 20,000 (0.79) x

For a, plug in a to find 5 years.

For b, plug in b to find 8 years.