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3 years ago

15

A car purchased for $20,000 depreciates annually at a rate of 8%. What will be the approximate value of the car in the 10th year

?

2 answers:

blsea [12.9K]3 years ago

7 0

Answer:

$8687.76

Step-by-step explanation:

100-8=92

20,000*0.92=18400 (This is after one year)

20,000*0.92^10= 8687.7690 (After 10 years)

TiliK225 [7]3 years ago

6 0

Answer:

$4000

Step-by-step explanation:

20000x0.08=1600

1600x10=16000

20000-16000=4000

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