SOLUTION: An automobile purchased for $3,000 depreciates in value 12% every year. Finds its value at the end of 5 years.
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Question 211764
This question is from textbook
COLLEGE ALGEBRA
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An automobile purchased for $3,000 depreciates in value 12% every year. Finds its value at the end of 5 years.
This question is from textbook
COLLEGE ALGEBRA
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checkley77(12569)
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3,000(1-.12)^5
3,000(.88)^5
3,000*.5277=$1,583.20 is the value of the car after 5 years.
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