William recently purchased a new car for $28,000. The car’s value depreciates 7% each year. What will be the value of the car 5

Question

2 years ago

7

years after it was purchased? round to nearest dollar.

1 answer:

jarptica [38.1K] · Answer 1 · 2022-09-01T18:37:13+03:00

7 0

Answer:$18200

Step-by-step explanation:

Find the depreciating price after one year

7% of 28000

7/100* 28000=$1960 is the depreciating cost

Multiple the depreciating cost by 5 year

1960*5=9800

Actual cost - depreciating cost after 5 year

28000-9800= $18200