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A vehicle purchased for $20700 depreciates at a constant rate of 5% . Determine the approximate value of the vehicle 10 years after purchase.

A vehicle purchased for $20700 depreciates at a constant rate of 5% . Determine the approximate value of the vehicle 10 years after purchase.
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A vehicle purchased for $20700 depreciates at a constant rate of 5% . Determine the approximate value of the vehicle 10 years after purchase.

User Ahmad Nawaz
by
7.6k points

1 Answer

5 votes

Answer:

I believe it is 12,393.86

User Mrowe
by
8.2k points
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