Mrs. Herring buys a car for $28,750 and the value of the car decreases at 12.5% each year. How much is her car worth after 5 years?

Question

asked Feb 5, 2021 154k views

1 Answer

Ljs · Answer 1 · 2021-02-12T04:40:21+0000

Answer:

$14,746.13

Explanation:

28,750(1-.125)^x

The reason why it is .125 instead of 12.5 is beacuse you have to move the decimal over.

and you will get the answer of $14,746.13