3 years ago

A new car is purchased for 17900 dollars. The value of the car depreciates at 12.25%

Mathematics

1 answer:

kiruha [24]3 years ago

3 0

Answer:

Therefore the value of the car after 10 year will be = $4,845.34

Step-by-step explanation:

A new car is purchased for $17900. the value of the car depreciates at 12.25% per year.

Since the value of the car depreciates therefore the amount of the car is

$A= P(1-\frac{r}{100})^n}$

$=17900(1-\frac{12.25}{100})^{10}$ [ p = $17900, r = 12.25% and n =10 years]

= $ 4,845.34

Therefore the value of the car after 10 year will be = $4,845.34

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