Answer:
Therefore the value of the car after 10 year will be = $4,845.34
Step-by-step explanation:
A new car is purchased for $17900. the value of the car depreciates at 12.25% per year.
Since the value of the car depreciates therefore the amount of the car is
[ p = $17900, r = 12.25% and n =10 years]
= $ 4,845.34
Therefore the value of the car after 10 year will be = $4,845.34
