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1. suppose you purchased a new car for $30,000 in 2015. if the value of the car decreased by 8% each year, during what year will the car be worth $10,000
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29 votes
29 votes
1. suppose you purchased a new car for

$30,000 in 2015. if the value of the car
decreased by 8% each year, during what year
will the car be worth $10,000

User Superhero
by
2.9k points

1 Answer

21 votes
21 votes
If the value of the car decreases by 8% every year it would take 13 years for the car to be worth
$10000.00.

User L Lawliet
by
2.9k points
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