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26 October, 18:20

Donald bought a car for $8650. The value of the car is decreasing at a rate of 3% per year. How much will Donald's car be worth in 7 years?

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  1. 26 October, 20:15
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    The car is worth 97% of its orginal cost value each and every year.

    So we would have to multiply 8650 by 0.97 seven times.

    8650 * 0.97*0.97*0.97*0.97*0.97*0.97*0.97

    and the the final answer is $6989.05
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