a new car is purchased for 207000 dollars. the value of the car depreciates at 11% per year. what will the value of the car be,

Question

faltersainse [42]

3 years ago

12

a new car is purchased for 207000 dollars. the value of the car depreciates at 11% per year. what will the value of the car be,

to the nearest cent, after 11 years?

Mathematics

1 answer:

kicyunya [14] · Answer 1 · 2022-05-18T07:18:28+03:00

kicyunya [14]3 years ago

7 0

Depreciation of 11% per year means that the price is multiplied by 89% (0.89) every year. Do this 11 times or use exponents

Final price:
207000*(0.89^11) = 57446.083