SOLUTION: A $25,000 automobile depreciates by 25% each year. Find its value after 5 years and after 9 months. (Round your answers to the nearest cent.)
(a) 5 years
$
(b) 9 mont
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-> SOLUTION: A $25,000 automobile depreciates by 25% each year. Find its value after 5 years and after 9 months. (Round your answers to the nearest cent.)
(a) 5 years
$
(b) 9 mont
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Question 1191581: A $25,000 automobile depreciates by 25% each year. Find its value after 5 years and after 9 months. (Round your answers to the nearest cent.)
(a) 5 years
$
You can put this solution on YOUR website! A $25,000 automobile depreciates by 25% each year. Find its value after 5 years and after 9 months. (Round your answers to the nearest cent.)
(a) 5 years
Each year it's work 75% of the previous year.
---> 25000*0.75^5
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(b) 9 months
Assuming is 25%/12 per month:
---> $25000*0.75^0.75
