Ask Question
21 September, 05:10

A car sells for 16,000. If the rate of depreciation is 18%, find the value of the car after 8 years.

+3
Answers (1)
  1. 21 September, 05:27
    0
    Step-by-step explanation:

    price after 8 years Amount=P (1-0.18) ^8

    Amount=16,000 (1-0.18) ^8

    =16,000 (0.82) ^8

    ≈3270.63 $
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A car sells for 16,000. If the rate of depreciation is 18%, find the value of the car after 8 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