Questions on Algebra in Finance answered by real tutors!

Algebra ->  Algebra -> Questions on Algebra in Finance answered by real tutors!     (Log On)
Ad: Algebra Solved!™: algebra software that solves YOUR algebra homework problems with step-by-step help!


Question 164094: Please help me solve this problem. New cars depreciate an average of 28% in thier first year. What will a $9000 car be worth after 1 year?: Please help me solve this problem. New cars depreciate an average of 28% in thier first year. What will a $9000 car be worth after 1 year?
Answer by checkley77(3848) About Me  (Show Source):
You can put this solution on YOUR website!
9,000-.28*9,0000=9,000-2,520=$6,480 is the depreciated value of the car affter 1 year.