SOLUTION:
The value of a car is $18,000 and is depreciating at a rate of 12% per year. Find how much the car will be worth in 10 years.
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Question 709175:
The value of a car is $18,000 and is depreciating at a rate of 12% per year. Find how much the car will be worth in 10 years.
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
18,000(1-.12)^10
18,000(.88)^10
18,000(.2785)=$5,013.02 IS THE WORTH OF THE CAR AFTER 10 YEARS.
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