SOLUTION: alex bought a used car for $22,000. the value of the car will be less each year because of depreciation. the car deprediates (loses value) at the rate of 11 precent per year> find
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Question 232587: alex bought a used car for $22,000. the value of the car will be less each year because of depreciation. the car deprediates (loses value) at the rate of 11 precent per year> find the value of the car in 10 years.
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
22,000(1-.11)^10
22,000(.89)^10
22,000*.3118=$6,859.98 ans.
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