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A car depreciates(lost its value) at a rate of 30% per year. How much will a $20,000 car be worth in 5 years?

 Apr 12, 2018
 #1
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+2

$20,000*0.7^5=$3361.40

 

smileysmileysmiley

 Apr 12, 2018
 #2
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+1

A car depreciates(lost its value) at a rate of 30% per year. How much will a $20,000 car be worth in 5 years?

laugh

 Apr 12, 2018

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