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kotykmax [81]
2 years ago
9

A new car is purchased for 17600 dollars. The value of the car depreciates at 11.75% per year. What will the value of the car be

, to the nearest cent, after 11 years?
Mathematics
1 answer:
babymother [125]2 years ago
7 0

Answer:

The value of the car will be \$4,450.15

Step-by-step explanation:

we know that

11.75\%=11.75/100=0.1175

so

Let

x-----> the value of the car after 11 years

x=\$17,600(1-0.1175)^{11} =\$4,450.15

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