Question

A person purchased a used Toyota Camry

for $7000. The car is expected to decrease
in value by 15% each year over the next
several years.
If the model is correct, how much will the
Camry be worth at the end of 5 years after
it was purchased? (round to the nearest
dollar)

Answer 1

14080 is the answer :))))))

Answer 2

14080

Explanation:

First : 7000 x 1.15 = 8050

Second : 8050 x 1.15 = 9275.5

Third : 9275.5 x 1.15 = 10646.125

Fourth : 10646.125 x 1.15 = 12243.04375

5th : 12243.04375 x 1.15 = 14079.5003125

And that is rounded to 14080

:D Plz tell me if there is more easier way :D