elaineg
elaineg elaineg
  • 24-07-2017
  • Mathematics
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The original value of the car is $18,000 it depreciates by 15% every year what is the value of the car after three years

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 24-07-2017
The formula is
A=p (1-r)^t
A the value of the car after 3 years ?
P current value 18000
R rate of depreciation 0.15
T time 3 years
A=18,000×(1−0.15)^(3)
A=11,054.25
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