Question

Jane Marko buys a car for $43,900.00. In three years, the car depreciates 48% in value. How much is the car worth in three years

Answer 1

Hi there
The formula is
A=p (1-r)^t
A the value of the car after 3 years
P current value 43900
R rate of depreciation 0.48
T time 3 years

A=43,900×(1−0.48)^(3)
A=6,172.7 round your answer
A=6173

Hope it helps