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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
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1
answer:
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
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