Ask Question
MathematicsMathematics
5 April, 18:07

A $30,000 car depreciates in value 12% a year. How much will the car be worth in 5 years?

+5
Answers (2)
  1. 5 April, 18:15
    0
    It will be worth $15,832
  2. 5 April, 18:20
    0
    F=ir^t, f=final value, i=initial value, r=rate, t=time, in this case:

    f=30000 ((100-12) / 100) ^t

    f=30000 (0.88) ^t so

    f (5) = 30000 (0.88) ^5

    f (5) = $15831.96 to nearest cent
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A $30,000 car depreciates in value 12% a year. How much will the car be worth in 5 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
You Might be Interested in
Cuantos litros de una solución al 30% deben agregarse a 10 litros de igual solución al 16% para producir una al 25%
Answers (1)
If someone worked 10 : 00 to 1:00 how many hours would they have worked
Answers (2)
Which property is demonstrated below? 17/3 x 3/17 = 1
Answers (2)
Write your answer in simplest form. 1 over 6 - 1 over 8
Answers (1)
A plane can travel 640 miles against the wind in the same time it can travel 800 miles with the wind. If the plane can fly 180 mph in calm air, what is the speed of the wind?
Answers (1)
New Questions in Mathematics
Translate to an algebraic expression. 28 more than D d - 28 28 = d 28 - d d+28
Answers (1)
Which is greater? 0.4 or 0.127
Answers (2)
Median of 7,9,4,4,7,9,6,4
Answers (2)
There are 325 children at the zoo. If 64% of children are boys and the rest are girls, how many children at the zoo are girls?
Answers (1)
Which number is a multiple of 6 and 8? 24 18 3 2
Answers (2)
Home » Mathematics » A $30,000 car depreciates in value 12% a year. How much will the car be worth in 5 years?
Sign Up Forgot Password?