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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?

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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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?

User Jparimaa
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1 Answer

3 votes

Answer:

0.9 to the power of 5 x 12000

User Roloenusa
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