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You have bought a car for $22,000. It depreciates in value by 3% every month. What will the car be worth after 2 years?
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23 votes
23 votes
You have bought a car for $22,000. It depreciates in value by 3% every month. What will the car be worth after 2 years?

User Claudijo
by
3.1k points

2 Answers

16 votes
16 votes

Answer:

15,840

Explanation:

3 x 24 months = 72

72% of 22,000 = 15,840

:)

User Damien Carol
by
2.6k points
19 votes
19 votes

Answer:

$9,011.20

Explanation:

I may have messed up with the calculation but I believe the answer is $9,011.20.

User Vasan
by
3.3k points
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