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2 years ago

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A new car is purchased for 16400 dollars. The Value of the car depreciates at 8.25% per year . What will The value of the car be

, to the nearest cent ,after ten years

1 answer:

Solnce55 [7]2 years ago

8 0

$6932.73.
Step-by-step explanation:
Principal = $16400
Rate of decrease = 8.25%
Now we are supposed to find What will the value of the car be, to the nearest cent, after 10 years?
Formula :
where A is the amount
r is the rate of decreasing in % =8.25%
t is the time =10
P is the principal =$16400
Substituting the values:

Hence the value of the car after 10 years will be $6932.73.

Read more on Brainly.com - brainly.com/question/3122273#readmore

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