Question

A new car was purchased in 2005 for $20,000. it depreciates at a rate of 9%. what year will the car have a value of $10,000

A.2016
B.2008
C.2010
D.2012​

Answer 1

The second method is estimating the initial value of the car. Let's assume you were offered to buy a three-year-old car for $12,000. If you input the value into the "3 years" box, the car depreciation calculator will display the initial value of the car - in this case, over $20,500. You can now compare it to the price of a brand new car.

Explanation:

Answer 2

Step-by-step explanation: 2012