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sp2606 [1]
3 years ago
14

Alex purchased a new car for $28,000. The car's value depreciates 7.25% each year. What will be the value of the car 5 years aft

er it is purchased? Round your answer to the nearest dollar.
Mathematics
1 answer:
Zanzabum3 years ago
6 0
The value would be 28,000*(1-0.0725)*(1-0.0725)*(1-0.0725)*(1-0.0725)*(1-0.0725)
which is 28,000*0,9275^{5}
which equals 28,000*0.6863=$19,219
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