3 years ago

A car sells for 16,000. If the rate of depreciation is 18%, find the value of the car after 8 years.

1 answer:

6 0

Answer:

Step-by-step explanation:

price after 8 years Amount=P(1-0.18)^8

Amount=16,000(1-0.18)^8

=16,000(0.82)^8

≈3270.63 $

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