34.5k views
12 votes
The price of a car that was bought for $20,000 and has depreciated 8% yearly. Which equation will help find the value of the car after a

certain period of time? What is the value of the car 5 years later?
O y = 20000(1 - 08) $ 13181.63
Oy=20000(1 +.08) ; $29386.56
Oy=20000(1 +.05) ; $29549.11
Oy=20000(1 - .05) ; $ 13268.41

1 Answer

6 votes

Answer:

O
\sf y = 20000(1 - 08) ^5

O $13181.63

Step-by-step explanation:


\sf compound \ interest = P(1 + (r)/(100))^(n)

insert the following given values


\sf \hookrightarrow 20000(1 - (8)/(100) )^5


\sf \hookrightarrow 20000(1 - 0.08)^5


\sf \hookrightarrow 13181.63

User Shaheer Akram
by
8.8k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories