A car is purchased for $27,000. After each year, the resale value decreases by 30%. What will the resale value be after 3 years? Use the calculator provided and round your answer to the nearest dollar.

Question

Dawson Booth

Mathematics

13 March, 04:41

A car is purchased for $27,000. After each year, the resale value decreases by 30%. What will the resale value be after 3 years? Use the calculator provided and round your answer to the nearest dollar.

+3

Answers (2)

Know the Answer?

Joyce Carey · Answer 1

27000 x. 3 = 8100

8100 x 3 = 24300

27000 - 24300 = 2700

Zander Farmer · Answer 2

The multiplier for decreasing by 30% is 0.70. To get our answer we times the price by the multiplier to the power of the amount of years:

27,000 x 0.70³ (it's to the power of 3 because of the three years)

= $9,261