Ashlee buys a car for 18,995. The car depreciates (loses value( at a rate of 18% annually. Determine the value of the car after 6 years (rou

Question

Ashlee buys a car for 18,995. The car depreciates (loses value( at a rate of 18% annually. Determine the value of the car after 6 years (round to the nearest hundredth.)

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Thu Thủy 4 years 2021-07-31T18:03:54+00:00 1 Answers 15 views 0

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  1. MichaelMet
    0
    2021-07-31T18:05:20+00:00
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    Answer:

    5774.61

    Step-by-step explanation:

    The method to calculate car value use :

    P(x)= car price ( 1 – rate percentage )^years

    P(x)= 18,995 ( 1 – 0.18 )^6

    = 5774.60672

    Round to nearest hundreds:

    = 5774.61

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