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?

Gongqj asked Nov 24, 2023

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Gongqj asked Nov 24, 2023

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22 votes

Answer:

5,290 ↓

9,200 → • If 8.5% of 9,200 is 782...

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

782

-782

5,290

Therefore,

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

Andreas Sauer answered Nov 28, 2023

2.6k points

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