A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

anonymous

  • one year ago

A car is purchased for $23,500 . After each year, the resale value decreases by 35% . What will the resale value be after 4 years? Use the calculator provided and round your answer to the nearest dollar.

  • This Question is Open
  1. ganeshie8
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    `After each year, the resale value decreases by 35%` that means the car value drops to 65% each year, yes ?

  2. ganeshie8
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    after one year the car value becomes (23500)*65/100 after two years the var value becomes (23500*65/100) *65/100 ...

  3. ganeshie8
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    see the pattern ?

  4. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Thank you so much, yes i see it now. Thank you for the help

  5. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.