SOLUTION: Each year, the value of a car depreciates to 70% of the value from the previous year. A car was bought new for $67000. What is the value of the car after 7 years?

SOLUTION: Each year, the value of a car depreciates to 70% of the value from the previous year. A car was bought new for $67000. What is the value of the car after 7 years?

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Question 1084388: Each year, the value of a car depreciates to 70% of the value from the previous year.
A car was bought new for $67000. What is the value of the car after 7 years?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Each year, the value of a car depreciates to 70% of the value from the previous year.
A car was bought new for $67000. What is the value of the car after 7 years?
=================
67000*0.7^7
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