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The price of a car that was bought for 10,000 and has depreciated 10% yearly. Find the price of the car 8 years later.
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4 votes
The price of a car that was bought for 10,000 and has depreciated 10% yearly. Find the price of the car 8 years later.

User Filiph
by
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1 Answer

4 votes

Answer:

$4304.6721

Explanation:

10000(.90)^8

you would subtract .10 from 1 and multiply it by itself 8 times and then multiple that by 10,000.

User Elona
by
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