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A new car is purchased for 25000 dollars. The value of the car depreciates at 8. 25% per year. What will the value of the car be, to the nearest cent, after 15 years?.
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35 votes
35 votes
A new car is purchased for 25000 dollars. The value of the car depreciates at 8. 25% per year. What will the value of the car be, to the nearest cent, after 15 years?.

User DGomez
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1 Answer

24 votes
24 votes
25,000*0.9175^15=
6,871.18 dollars
User Robert White
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2.7k points
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