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31 August, 08:32

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?

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  1. 31 August, 08:48
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    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.
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