Register
a new car is purchased for 207000 dollars. the value of the car depreciates at 11% per year. what will the value of the car be, to the nearest cent, after 11 years?
141k views
0 votes
a new car is purchased for 207000 dollars. the value of the car depreciates at 11% per year. what will the value of the car be, to the nearest cent, after 11 years?

User Fbuchinger
by
7.8k points

1 Answer

1 vote
Depreciation of 11% per year means that the price is multiplied by 89% (0.89) every year. Do this 11 times or use exponents

Final price:
207000*(0.89^11) = 57446.083
User AntoineB
by
8.1k points
← Prev Question Next Question →

Related questions

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

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!