Question

A new car is purchased for 19000 dollars. The value of the car depreciates at 11.25% per year. What will the value of the car be, to the nearest cent, after 14 years?

Answer 1

ANSWER:

$3573.63

Step-by-step explanation:

11.25% depriciation means 11.25% amount decrases per year.

i.e for 1year (1-0.1125)19000=0.8875*19000

so for 14 years multiply 0.08875 14 times to 19000.

Your answer will be arrived.

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