Ask Question
8 August, 11:50

A new car valued at $16,500 depreciates at a steady rate of 12% per year. What is the value of the car in 10 years?

+5
Answers (1)
  1. 8 August, 14:29
    0
    Step-by-step explanation:

    Rate = 12% = 0.12

    value after 10 years = A * (1-r%) ^n

    = 16500 * (1-0.12) ^10

    =16500 * (0.88) ^10

    =16500*0.2785

    =$4595
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A new car valued at $16,500 depreciates at a steady rate of 12% per year. What is the value of the car in 10 years? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers