Question

PLEASE HELP. I'LL GIVE BRAINLIEST!!!
Mike purchased a car worth $18,000 in the year 2008. It loses its value by 6% per year. What is the value of the car in 2020? Round your answer to the nearest whole dollar, and do not enter any decimals or commas.

Answer 1

Answer:

8762

Step-by-step explanation:

Exponential decay equation

Initial = 18000

Rate 6% = 0.06

Time = 12

Answer 2

Answer:

$8567

Step-by-step explanation:

In the image the answer is given.

Formula of depreciation is used in the answer.