SOLUTION: jonas purchased a car. It depreciates by 6% each year. After 5 years the car is worth $12000. What is the original value of the car?
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Question 718347: jonas purchased a car. It depreciates by 6% each year. After 5 years the car is worth $12000. What is the original value of the car? Answer by josgarithmetic(39614) (Show Source):
You can put this solution on YOUR website! This happens each year: v=p*0.94.
For 6 years, this is like, , where v is the current value after 6 years, and p is the beginning value just before the 6 years passed or the starting value.
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