27)

A new car depreciates at a rate of 15% per year. What is the expected value of a $25,000 car after 5 years (rounded to nearest whole dollar) ?

A) $20750

B) $11093

C) $9429

D) $6250

Question

Mercedes Macias

28 February, 21:35

+1

Answers (1)

Know the Answer?

Courtney Dominguez · Answer 1

The answer is B.

You need to subtract 15% each year from the value of the car.

27)A new car depreciates at a rate of 15% per year. What is the expected value of a $25,000 car after 5 years (rounded to nearest whole dollar) ?A) $20750B) $11093C) $9429D) $6250