A used car has a value of 15,250 when it’s purchased in 2012. The value of the car decreases at a rate of 7.5% per year
1 answer:
p=15250
r=7.5/100=0.075
y = 15250*(1 - 0.075)^x
after 8 years it would be
x = 8
y = 15250*(1 - 0.075)^8
y = $8,173.42
after 8 years the value of the car is going to be $8,173.42
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Step-by-step explanation:
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