Respuesta :
in 2017 the car would be worth $10,000 after deprecating by 15% annually
hope this helps
hope this helps
Answer:
He can expect $ 13,050.16 ( approx )
Step-by-step explanation:
Given,
The original cost of the car, P = $ 25,000
Annual rate of decreasing, r = 15 %,
Time, t = 4 years ( From 2013 to 2017 ),
Thus, the new cost of the car after 4 years,
[tex]A=P(1-\frac{r}{100})^t[/tex]
[tex]=25000(1-\frac{15}{100})^4[/tex]
[tex]=25000(1-0.15)^4[/tex]
[tex]=25000(0.85)^4[/tex]
[tex]=13,050.1562\approx \$ 13,050.16[/tex]
Hence, the he can expect $ 13050.16 value of his car in the year 2017.
