Cardania bought a car for $12,000 ten years ago, and it has been depreciating (decreasing in value) at a rate of 8% per year since she drove it off the showroom floor. How much is the car worth today (10

asked Apr 22, 2022 88.1k views

4 votes

by Chuma

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6 votes

Answer:

The car is worth about 5212.66$ 10 years after her purchase.

Explanation:

12000(1-0.08)^10=5212.661451

Holt answered Apr 26, 2022

by Holt

6.8k points

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