Dan buys a car for $28,000. If the car's value depreciates at a rate of 5.6% per year, after how many years will the car be worth $11,796? Round to the nearest year.
someone answered b4 but they said something about it not being on their syllabus and I have no clue what that means.
Answers
Answered by
2
Answer:
i think Anwer is
Step-by-step explanation:
2 years
Answered by
1
Answer:
Current worth is
C
=
$
28000
Depreciation rate is
D
=
15
%
Time in years is
T
=
5
Worth (W) after 5 years :
W
=
C
(
1
−
D
100
)
T
=
2800
⋅
(
1
−
15
100
)
5
=
$
12423.75
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