3 years ago

Can someone plzzz help me with plz I don’t understand this helpplll

Mathematics

1 answer:

barxatty [35]3 years ago

4 0

Answer:

$3474.25

Step-by-step explanation:

Use the compound amount formula A = P(1 + r)^t. Here r is the rate as a decimal fraction and is -0.15. t represents the number of y ears. P is the initial value of the car.

Then: A = ($15,000)(1 - 0.15)^9, or

A = ($15,000)(0.85)^9 = $3474.25

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