Question

Jonas purchased a new car for $18,000. Each year the value of the car depreciates by 40% of its value the previous year. How much will the car be worth in 7 years?

Answer 1

It would be worth $5,040 after 7 years

Explanation:

Multiply 40% by 7 and get 280, then turn it into a percent, .280, finally multiply it by $18,000 to get $5,040