document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=54813>Question 54813</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Hi, hope you can help me withs this problem<BR>\n" );
document.write( "A new car depreciates by 20% in its first year. Each succeding year it depreciates by 10%. Assume the car is still in good work condition after 10 years. If the car cost $25000 calculate the value of the car after 10 years. Express your answer to the nearest $10\r<BR>\n" );
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document.write( "Tanks for your help! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #37059 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=37059\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A new car depreciates by 20% in its first year. Each succeding year it depreciates by 10%. Assume the car is still in good work condition after 10 years. If the car cost $25000 calculate the value of the car after 10 years. Express your answer to the nearest $10<BR>\n" );
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document.write( "Value = (25000(0.8))(0.9)^9=$7,748.41<BR>\n" );
document.write( "The 1st year its value is .8 of the original<BR>\n" );
document.write( "Then each successive year the value is .9 times the<BR>\n" );
document.write( "previous years value.<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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