After paying $20,000 for a car, you read that this model has decreased in value...

50.1K

Verified Solution

Question

Basic Math

image

After paying $20,000 for a car, you read that this model has decreased in value 15% per year over the last several years. If this trend continues, how much will the car be worth 5 years from now?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students