SOLUTION: A car is purchased for $27,000. After each year, the resale value decreases by 25%. What will the resale value be after 3 years? Round the answer to the nearest dollar.

Question 1107825: A car is purchased for $27,000. After each year, the resale value decreases by 25%. What will the resale value be after 3 years? Round the answer to the nearest dollar.

Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
After 1 yr the value is:

After 2 yrs the value is:

After 3 yrs, the value is:

You can calculate

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