A car is purchased for $27,000 . After each year, the resale value decreases by 30% . What will the resale value be after 3 year

Question

shusha [124]

3 years ago

15

A car is purchased for $27,000 . After each year, the resale value decreases by 30% . What will the resale value be after 3 year

s? Use the calculator provided and round your answer to the nearest dollar.

Mathematics

2 answers:

storchak [24] · Answer 1 · 2022-01-10T22:13:47+03:00

storchak [24]3 years ago

5 0

The multiplier for decreasing by 30% is 0.70. To get our answer we times the price by the multiplier to the power of the amount of years:

27,000 x 0.70³ ( it's to the power of 3 because of the three years)
= $9,261

romanna [79] · Answer 2 · 2022-01-10T20:42:09+03:00

romanna [79]3 years ago

3 0

27000 x .3 = 8100
8100 x 3 = 24300
27000 - 24300 = 2700