SOLUTION: a particular car is said to depreciate 15% each year. if the new car is valued at 20,000, what will it be worth after 6 years?

Algebra ->  Trigonometry-basics -> SOLUTION: a particular car is said to depreciate 15% each year. if the new car is valued at 20,000, what will it be worth after 6 years?      Log On


   

Question 1153145: a particular car is said to depreciate 15% each year. if the new car is valued at 20,000, what will it be worth after 6 years?
Answer by josgarithmetic(39615) About Me  (Show Source):
You can put this solution on YOUR website!
YearsPass     VALUE
 0            20000
 1            17000
 2            14450
 3            12282.5
 4            10440.125
 5             8874.11
 6             7542.99

If to the nearest whole dollar, highlight_green%287543%29