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23 February, 20:26

The original value of a car is $22,000, and it depreciates (loses value) by 15% each year. what is the value of the car after three years?

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  1. 23 February, 23:46
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    22,000:100 = 220

    1% = £220 depreciation

    15 % = 220*15 = 3,300

    45% = 3,300*3=9,900

    22,000-9,900 = £12,100

    final answer is £12,100 after 3 years.
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