A car with an initial value of $25,000is decreasing at a rate of 4% each other.at this rate,what Willy eh value be of the car after 5years?

Marcos Bergamo asked Jul 6, 2023

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18 votes

Marcos Bergamo asked Jul 6, 2023

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11 votes

Answer:

$ 20384.32

Explanation:

Decreasing by 4 % each year means it retains 96 %

25 000 ( .96)^5 = 20384.32

Jari Laamanen answered Jul 10, 2023

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