Question

PLEASE HELP!!!

You buy a car thats $11,800. The expected depreciation of the car is 35% per year.
Part A- what is the car worth each year it depreciates from the previous year?
Part B - Find the depreciated value of the car after 6 years.
YOU CAN ANSWER EITHER. BOTH WOULD BE NICE. PLEASE HELP.

Answer 1

Part a- after one year of depreciation the car would value $7475

part b: the car would be worth $-12650

Explanation:

not sure if its correct but that's what I got