A car Purchased for $18,500. After each year, the resale value decreases by 30%. What will the resale value be after 4 years

Question

Mathematics

Isabella

24 March, 02:35

A car Purchased for $18,500. After each year, the resale value decreases by 30%. What will the resale value be after 4 years

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Jimena Ibarra · Answer 1

Two methods presented. The first is shown as a proof and the second the quicker way with the formula of A = Pr^t

A = amount of money

P = Principle amount

r = annual rate of interest

t = number of years