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12 February, 11:01

16. Giorgio bought a car for $21,000. The value of the car depreciates 5% each year. What will the

value of the car be n years after Giorgio purchased it?

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Answers (1)
  1. 12 February, 11:40
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    current value = 21000 (1 - 0.05) ^n

    Step-by-step explanation:

    This is a standard depreciation formula where n is the number of years.
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Home » Mathematics » 16. Giorgio bought a car for $21,000. The value of the car depreciates 5% each year. What will the value of the car be n years after Giorgio purchased it?
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