Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

A car is purchased for S15,500. After each year, the resale value decreases by 20%. What will the resale value be after 3 years?
Use the calculator provided and round your answer to the nearest dollar

Sagot :

helenbeastie

Answer:

3 years -> value decreases by 20% 3 times

20% -> value is 80% of the original price

1st year value (after 20% decrease) = S15,500×[tex]\frac{80}{100}[/tex]

                                                           = S12,400

2nd year value (after 20% decrease) = S12,400×[tex]\frac{80}{100}[/tex]

                                                             = S9,920

3rd year value (after 20% decrease) = S9,920×[tex]\frac{80}{100}[/tex]

                                                            = S7,936

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.