Question

Pearson bought a 2012 Chevy Malibu for $16,800. It depreciates by 5% per year. How much will Pearson's Chevy be worth after 15 years?

Answer 1

I will come back with an answer in 2027.

Explanation:

Answer 2

the worth after 15 years is $7,783.29

Explanation:

Given that

The purchase price is $16,800

It would be depreciated 5% per year

We need to find out the worth after 15 years

= $16,800 × (1 - 0.05)^15

= $16,800 × 0.46329123

= $7,783.29

Hence, the worth after 15 years is $7,783.29

In this way it should be determined