A BMW that cost $71,000 in 2003 depreciates in value about 15% a year. How much was it worth in 2013?

1 answer:

N76 [4]3 years ago

6 0

100-15= 85%

2013-2003= 10 years

$71,000 * (0.85^10yrs)= $13,978<span>.</span>08

Did this make sense or would you like me to explain some more about something you are still not understanding? Please comment below :)

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See attachment

EXPLANATION

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