Opentowherelifeis
  • Opentowherelifeis
Can someone help me with this ? I will give a medal :)
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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Opentowherelifeis
  • Opentowherelifeis
Suppose you buy a car with a value of $10,750. Each year the value of your car will depreciate by 5.9%. how much will your car be worth in 10 years? A. $19,070.76 B.$6,504.50 C.$7,074.39 D.$5,852,01
ohohaye
  • ohohaye
So what you want to do is multiply the price of the car by .59, then you take that amount and subtract it from the price of the car. Repeat this 10 times.
Directrix
  • Directrix
If the car depreciates by 5.9% per year, it loses .059 of its value and retains 1 - .059 = .941 of its value. Over a 10-year period the car's value would be: 10750* (.941)^10 Agree? Crank that out @Opentowherelifeis and see if that result seems reasonable.

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ohohaye
  • ohohaye
Actually, it's .059 not .59
Opentowherelifeis
  • Opentowherelifeis
wouldn't that be $5,852.01
Opentowherelifeis
  • Opentowherelifeis
@Directrix
Directrix
  • Directrix
That is what I got.
Opentowherelifeis
  • Opentowherelifeis
so D is the correct answer
Opentowherelifeis
  • Opentowherelifeis
@Directrix

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