Question

John's new car is worth $ 25,000 and is depreciating 8% per year . What will his can be . In how will many years worth in 5 years ? the can be worth $ 10,000

Answer 1

Answer:

In 5 years, the car will be worth $15,000

Step-by-step explanation:

If you multiply 0.08 (8%) and 25,000, then you get 2,000. That's how much it depreciates per year. Multiply the 2,000 by 5 and you get 10,000. 25,000-10,000=15,000, the amount it will be worth in 5 years from now.

Hope this helps!

lol this is exactly the question I answered 20 secs ago