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trasher [3.6K]
4 years ago
7

A new car is purchased for $16,500. The value of the car depreciates at 5.75% per year. What will the value of the car be, to th

e nearest cent, after five years?
Mathematics
1 answer:
s2008m [1.1K]4 years ago
6 0

Answer:

12,271.304

Step-by-step explanation:

100- 5.75= 94.25

0.9425^(5)= 0.7437154341

0.7437154341 × 16500 = 12,271.3046626

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