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A new car is purchased for 20300 dollars. The value of the car depreciates at 8.75% per year. What will the value of the car be, to the nearest cent, after 12 years? My question is more on how do I know
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A new car is purchased for 20300 dollars. The value of the car depreciates at 8.75% per year. What will the value of the car be, to the nearest cent, after 12 years?

My question is more on how do I know how to change the percentage, and what to change it to.

User Asela
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1 Answer

3 votes

Answer:

Therefore, after 12 years the car will value $6,765.35.

Explanation:

User Yueyoum
by
6.7k points
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