SOLUTION: 1. a car loses 35% of its value every year. maria bought it for $15525. how much would it be worth after 3 years and 5 years?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: 1. a car loses 35% of its value every year. maria bought it for $15525. how much would it be worth after 3 years and 5 years?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 735267: 1. a car loses 35% of its value every year. maria bought it for $15525. how much would it be worth after 3 years and 5 years?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
1. a car loses 35% of its value every year. maria bought it for $15525. how much would it be worth after 3 years and 5 years?
---------------
Its worth = 65% per year
------------
Worth = $15525*0.65^n, n = # of years