Sam purchases a new car for $29,500. The car depreciates at a rate of 13.25% per year. What is the value of the car after 7 years?

Question

asked Oct 3, 2021 162k views

1 Answer

Zuoanqh · Answer 1 · 2021-10-08T14:35:44+0000

Answer:

10907.078

Explanation:

29500 × .8675 × .8675 × .8675 × .8675 × .8675 × .8675 × .8675 = 10907.0775302

rounded to 10907.078