LibertyHSLoser LibertyHSLoser

19-04-2021
Mathematics

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Cardania bought a car for $12,000 ten years ago, and it has been depreciating (decreasing in value) at a rate of 8% per year since she drove it off the showroom floor.
How much is the car worth today (10 years after her purchase)?

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19-04-2021

Answer:

The car is worth about 5212.66$ 10 years after her purchase.

Step-by-step explanation:

12000(1-0.08)^10=5212.661451

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