KalebClark1510 KalebClark1510
  • 26-06-2020
  • Mathematics
contestada

A new car is purchased for 22400 dollars. The value of the car depreciates at 6.75% per year. What will the value of the car be, to the nearest cent, after 9 years?

Respuesta :

gilbertazavedo72
gilbertazavedo72 gilbertazavedo72
  • 28-06-2020

Answer: $11,942.29

Step-by-step explanation:

Let the value after 9 years be y

y = 22400 (0.9325)^9

y = 11,942.29

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