Respuesta :
Ok, so 22,000 - 15% = 18700. Next, 18700 - 15% = 15895, and finally 15895 - 15% = 13510.75. I believe your answer is 13510.75. Hopefully this helped!
Answer:
The value of the car after three years will be 13510.75
Step-by-step explanation:
Given : The original value of a car is 22,000, and it depreciates by 15% each year.
We have to find the value of car after three years.
We know,
Depreciation formula given as,
[tex]A=P(1-\frac{r}{100} )^n[/tex]
Where A is the amount value after depreciation.
P is present value
r is depreciate rate.
n is time period.
Given : P = 22,000 , r = 15 , and n = 3
Substitute, we have,
[tex]A=22000(1-\frac{15}{100} )^3[/tex]
Simplify, we have,
[tex]A=22000(1-0.15})^3[/tex]
Solving, we get,
A = 13510.75
Thus, the value of the car after three years will be 13510.75
