Ask Question
20 September, 22:57

A new car is purchased for $16,500. The value of the car depreciates at 5.75% per year. What will the value of the car be, to the nearest cent, after five years?

+1
Answers (1)
  1. 20 September, 23:37
    0
    12,271.304

    Step-by-step explanation:

    100 - 5.75 = 94.25

    0.9425^ (5) = 0.7437154341

    0.7437154341 * 16500 = 12,271.3046626
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A new car is purchased for $16,500. The value of the car depreciates at 5.75% per year. What will the value of the car be, to the nearest ...” 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