Question

Olivia purchased a music system worth $18,000 in the year 2018. It loses its value

by 6% per year. What is the value of the music system in 2020?
a) $16920
b) $20224.80
c) $15904.48
d) $14950.51

Answer 1

answer is c 15904.48

Explanation:

y=a(l-r ) Y=18000(1 - .06) = 15904.48