Question

the value of a car is 9,200 and depreciates at a rate of 8.5% yearly. what would be the value after 5 years?

Answer 1

5,290 ↓

9,200 → • If 8.5% of 9,200 is 782...

782 • Subtract 782 from 9,200, 5 times, regarding years.

782

782

782

-782

5,290

Therefore,

The car value will be at 5,290 after 5 years.