Ask Question
29 March, 09:16

A new car is purchased for 20700 dollars. The value of the car depreciates are 11% per year. What will the value of the car be, to the nearest cent, after 11 years?

+4
Answers (1)
  1. 29 March, 11:43
    0
    Answer: $5,744.61

    Step-by-step explanation:

    year 1 = - 2,277

    year 2 = - 2026.53

    year 3 = - 1803.61

    year 4 = - 1605.21

    year 5 = - 1428.64

    year 6 = - 1271.49

    year 7 = - 1131.62

    year 8 = - 1007.17

    year 9 = - 896.36

    year 10 = - 797.76

    year 11 = - 710

    you are subtracting 11% from each year.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A new car is purchased for 20700 dollars. The value of the car depreciates are 11% per year. What will the value of the car be, to the ...” 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