A car is purchased for $23,500. After each year, the resale value decreases by 25%. What will the resale value be after 3 years?

Use the calculator provided and round your answer to the nearest dollar.

Question

Mathematics

Ezequiel Duncan

30 July, 13:18

A car is purchased for $23,500. After each year, the resale value decreases by 25%. What will the resale value be after 3 years?

Use the calculator provided and round your answer to the nearest dollar.

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Answers (1)

Know the Answer?

Monica Montes · Answer 1

After 3 years it will be $9,400

Step-by-step explanation:

First multiply 23,500 by. 20 and get 4700. Now multiply by 3 which is 3 years and it equals 14,100. Now subtract from 23,500-14,100 and get 9,400.

A car is purchased for $23,500. After each year, the resale value decreases by 25%. What will the resale value be after 3 years?Use the calculator provided and round your answer to the nearest dollar.

A car is purchased for $23,500. After each year, the resale value decreases by 25%. What will the resale value be after 3 years?

Use the calculator provided and round your answer to the nearest dollar.