Question

If a car is $27,000 and loses 15% of its value each year what will be the value in 5 years

Answer 1

$27,000

10%- $2,700.
5%- $1,350.

$2,700+ $1,350 = $4,050.

$4,050 × 5 = $20,250.

$27,000 - $20,250 = $6,750.

the value will be $6,750.