Ashlee buys a car for 18,995. The car depreciates (loses value( at a rate of 18% annually. Determine the value of the car after
6 years (round to the nearest hundredth.)
1 answer:
Answer:
5774.61
Step-by-step explanation:
The method to calculate car value use :
P(x)= car price ( 1 - rate percentage )^years
P(x)= 18,995 ( 1 - 0.18 )^6
= 5774.60672
Round to nearest hundreds:
= 5774.61
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