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7 August, 23:41

A new car is purchased for 21100 dollars. The value of the car depreciates at 10.5% per year. What will the value of the car be, to the nearest cent, after 6 years?

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  1. 7 August, 23:55
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    Answer: $10844.78

    Step-by-step explanation:

    Let V (t) = value of the car in t years

    V (t) = 21,100 (1 - 0.105) t = 21,100 (0.895) t

    Value in 6 years = V (6) = 21,100 (0.895) 6 = $10,844.78
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