4 years ago

The value of a $25,000 car depreciates at a rate of 12% per year. What will the car be worth in 5 years?

Mathematics

2 answers:

navik [9.2K]4 years ago

8 0

Answer: 13,193.30$

Step-by-step explanation YOU TAKE 12 % OFF THE ANSWER THEN DO IT AGAIN SO IT LEAVE YOU WITH

Scorpion4ik [409]4 years ago

3 0

The formula for depreciation is:

Value = Starting value x (1 - rate)^time

Using the given values:

Value = 25,000 x (1-0.12)^5

Value = 25,000 x 0.88^5

Value = $13,193.30 (Round the answer as needed)

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