A car is purchased for $18,000. After each year , the resale value decreases by 35%. What will the resale value be after 3 years
2 answers:
Answer:
The resale value after 3 years = $ 4,943.25
Step-by-step explanation:
Cost price of car = $ 18,000
loss = 35 %
Number of years = 3 years
The reduced value for first year = $ 18,000 × ( ) × 1
= $ 180 × 35 × 1
= $ 6,300
The resale value for first year = $ 18,000 - $ 6,300
=$ 11 , 700
The reduced value for 2nd year = $ 11,700 ×( )
= $ 117 × 35 × 1
=$ 4,095
The resale value for 2nd year = $ 11,700 - $ 4,095
= $ 7,605
The reduced value for 3 rd year = $ 7,065 × ()
=$ 2661.75
The resale value for 3rd year = $ 7,605 -$ 2661.75
= $ 4,943.25
The resale value after 3 years = $ 4,943.25
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Answer:
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Step-by-step explanation:
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Solving a quadratic equation, by Bhaskara:
The possible values are a = -2.5 or a = 4.5.