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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?
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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?

User Pmartin
by
7.3k points

1 Answer

4 votes

Answer:

8851.86

Explanation:

100-4.3= 95.7%

15000(.957)^12

User Roy Truelove
by
7.0k points
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