Dan's car depreciates at a rate of 9% per year. By what percentage has Dan's car depreciated after 4 years? Give your answer to the nearest percent.

asked Jan 9, 2023 81.6k views

8 votes

Dan's car depreciates at a rate of 9% per year.

By what percentage has Dan's car depreciated after 4 years?
Give your answer to the nearest percent.

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7 votes

Answer:

about 31%

Explanation:

$1 - {.91}^(4) = 1 - .6857 = .3143 = 31\%$

Aportr answered Jan 16, 2023