Question

Jonathan bought a car for $10,500. The car depreciates in value by 16% each year. How much is the

car worth after 10 years? Round to the nearest hundredth.
Oam-

Answer 1

1836.46

Explanation:

10500*(84/100)^10=1836.46

Answer 2

Explanation:

Value of the car after 10years = 10500*(1 - [16/100]]¹⁰

`=10500*((86)/(100))^(10)\\\\=10500*(0.86)^(10)\\\\=10500*0.1749`

= $1836.45