Ask Question
11 September, 11:37

7. A Honda Accord depreciates at 15% per year. Six year ago it was

purchased for $21,000. What is it worth now?

+4
Answers (1)
  1. 11 September, 14:11
    0
    7920.14

    Step-by-step explanation:

    The formula is y = a (1-r) ^t

    21000 (0.85) ^6

    0.85^6 = 0.37714951562

    21000 (0.37714951562) = 7920.14
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “7. A Honda Accord depreciates at 15% per year. Six year ago it was purchased for $21,000. What is it worth now? ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers