A car depreciates in value at a rate of 10% per year. If the car was purchased for $12,000, which equation would calculate how much will it be worth in 5 years?

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asked Jun 28, 2021 223k views

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A car depreciates in value at a rate of 10% per year. If the car was purchased for $12,000, which equation would calculate how much will it be worth in 5 years?

Mathematics
college

Maxyie asked

by Maxyie

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1 Answer

4 votes

Answer:

$6,000

Explanation:

It depreciates by 50%

James Helms answered Jul 5, 2021

by James Helms

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