Answer:
After 7 years the car will be worth $ 9,382.78.
Explanation:
Given that a car bought for $ 22,959 depreciates at 12% annually, to determine what is its value after 7 years, the following calculation must be performed, using exponential expressions to determine the price decrease:
100 - 12 = 88
22,959 x 0.88 ^ 7 = X
22.959 x 0.4086 = X
9,382.78 = X
Therefore, after 7 years the car will be worth $ 9,382.78.