Ask Question
5 October, 13:42

In the year 2008, a person bought a new car for $17000. For each consecutive year after that, the value of the car depreciated by 8%. How much would the car be worth in the year 2011, to the nearest hundred dollars?

+4
Answers (1)
  1. 5 October, 15:45
    0
    Step-by-step explanation:

    This is a simple exponential equation:

    cost=17000*0.92^ (years after 2008)

    so since 2011-2008 yields 3

    it will be 3 years after 2008, so

    cost = 17000 * 0.92^3

    $13,237.69
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In the year 2008, a person bought a new car for $17000. For each consecutive year after that, the value of the car depreciated by 8%. How ...” 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