document.write( "Question 1117333: Alex purchased a new car for $28,000. The car's value depreciates 7.25% each year. What will be the value of the car 5 years after it is purchased? Round your answer to the nearest dollar.
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Algebra.Com's Answer #732381 by josgarithmetic(39617) $\"\"$ $\"About$

You can put this solution on YOUR website!
$\"28000-0.0725%2A28000=25970\"$
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\n" ); document.write( " $\"25970%281-0.0725%29=24087.175\"$
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\n" ); document.write( " $\"24087.175%2A%281-0.0725%29=22340.8548\"$
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\n" ); document.write( " $\"22340.8548%281-0.0725%29=20721.1428\"$
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\n" ); document.write( " $\"20721.1428%281-0.0725%29=19218.86\"$ \r
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\n" ); document.write( "\n" ); document.write( " $\"highlight%2819219%29\"$ \r
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\n" ); document.write( "\n" ); document.write( " $\"p=B%281-r%29%5Ex\"$
\n" ); document.write( "p, value after x years
\n" ); document.write( "x, time passed, years
\n" ); document.write( "B, initial amount
\n" ); document.write( "r, depreciation rate as a decimal
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\n" ); document.write( " $\"p=28000%281-0.075%29%5E5\"$
\n" ); document.write( " $\"p=19218.9\"$
\n" ); document.write( " $\"nearest\"$ $\"dollar\"$ $\"19219\"$ \n" ); document.write( "

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