Answer:
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Step-by-step explanation:
Answer:
The 4th one cuz it’s a percent
Step-by-step explanation:
Answer: $13,846.02
Step-by-step explanation:
The car cost $29,750 when it was first bought.
It will then depreciate at a rate of 12% per year. This means that the value of the car reduces by 12% per year.
To find the value of the car in the 6th year, you can use the compound interest formula:
= Value of car * ( 1 - rate) ^ no. of years
= 29,750 * ( 1 - 12%)⁶
= 13,816.021581824
= $13,846.02
