Question

a new car is purchased for $17,900 the value of the car depreciates at 13% per year what will the value of the car be to the nearest cent after 7 years​

Answer 1

Answer:

The value of the car would be 6753

Explanation

Year     | Value <   |  Deprec. | Balance

Year 1 17900 2327 15573

Year 2 15573 2024 13549

Year 3 13549 1761          11787

Year 4 11787 1532 10255

Year 5 10255 1333 8922

Year 6 8922 1160         7762

Year 7 7762 1009 6753

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