Question

If a vehicle originally worth $27000 decreases in value by 9% each year, after 4 years, it will only be worth $_____.

Answer 1

$18515.24

Explanation:

27000 x .91

24570

24570 x .91

22358.7

22358.7 x .91

20346.417

20346.417 x .91

18515.23947 =

$18515.24