a new car at a cost of $25,000. The car depreciates approximately 15% of its value each year. What is the decay factor for this

Question

3 years ago

13

car?

2 answers:

marin [14] · Answer 1 · 2022-06-01T19:10:56+03:00

marin [14]3 years ago

6 0

Answer:

$3,750

Step-by-step explanation:

the decay factor for one year. is

15/100x$2500=$3750

the remaining value, which is the current value of the car is $25,000-$3750=$21,250

every year $3750 decrease from the car's value

olasank [31] · Answer 2 · 2022-06-01T21:34:14+03:00

4 0

The answer must be 3,750. 15% of 25,000 is 3,750. So it declines by that each year.