corralesnessa0
Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Explore a wealth of knowledge from professionals across various disciplines on our comprehensive Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

the original purchase price of a car is 12,000. Each year, its value depreciates (loses value) by 5%. Three years after its purchase, what is the value of the car?

Sagot :

Answer:

10,200

Step-by-step explanation:

ashish4112119

P(1-r)^n

r = decimal form of the interest rate percent

n = amount of years

principal times (1 - decimal form of the interest rate percent) to the (amount of years) power

12000 (1-.05)^3

use PEMDAS

12000 times (.95)^3

12000 times .857375 =

ANSWER:

10288.5

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.