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A car valued at $15,000 depreciates 13% per year. What is the value of the car after 4 years? $4.28 $24,457 10 $2,820.48 $8,59346
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1 vote
A car valued at $15,000 depreciates 13% per year. What is the

value of the car after 4 years?
$4.28
$24,457 10
$2,820.48
$8,59346

User Duncan Ogle
by
4.2k points

1 Answer

3 votes

Answer:

Value = $15,000 * (.87) ^ Years

After 4 years, .87 ^ 4 = 0.57289761

Value = $15,000 * 0.57289761 =

8,593.46

Explanation:

User Snehal Masne
by
4.0k points
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