SOLUTION: a particular car is said to depreciate 15% each year. if the new car is valued at 20,000, what will it be worth after 6 years?
Algebra
.Com
Question 1153145
:
a particular car is said to depreciate 15% each year. if the new car is valued at 20,000, what will it be worth after 6 years?
Answer by
josgarithmetic(39617)
(
Show Source
): You can
put this solution on YOUR website!
YearsPass VALUE 0 20000 1 17000 2 14450 3 12282.5 4 10440.125 5 8874.11 6 7542.99
If to the nearest whole dollar,
RELATED QUESTIONS
A car that was originally valued at $16,000 depreciates at 15% per year. This means that
(answered by
Theo
)
An automobile purchased for $39,000 is worth $25000 after 5 years. Assuming the car's...
(answered by
CubeyThePenguin,greenestamps
)
connie buys a new car for $22,000. Each year, the car will depreciate 12% in value. to...
(answered by
Cromlix
)
A car was purchased for $3,495 and will depreciate 20% each year. How much will the car...
(answered by
stanbon
)
Connie buys a new car for $22,000. Each year the car will depreciate 12% in value. To the
(answered by
solver91311
)
Sam has purchased a $30,000 car for his business. The car depreciates 30% every year....
(answered by
ikleyn
)
Manny purchased a new car this year for $20,500. The car is expected to depreciate at an...
(answered by
TimothyLamb
)
A car was purchased for $3,495 and will depreciate 20% each year. How much will the car...
(answered by
Alan3354
)
Please help me solve this problem. New cars depreciate an average of 28% in thier first...
(answered by
checkley77
)