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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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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.

User Gil LB
by
8.3k points

1 Answer

7 votes

Answer:

about 31%

Explanation:


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

User Aportr
by
8.0k points
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