drakepurple123p6xw2i drakepurple123p6xw2i

25-01-2020
Mathematics

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Suppose you buy a car with a value of $8,500. Each year the value of your car will depreciate by 4.7%. How much will your car be worth in 6 years?

A) $11,196.93
B) $6,779.17
C) $7,488.42
D) $6,367.61

Respuesta :

kipchirmoses kipchirmoses

25-01-2020

Answer:

D

Step-by-step explanation:

y=a(1-r)^n

a is the initial cost of the vehicle

r is the percentage decrease in decimal

n is the number of years.

so y as the final cost is computed as:

8500(1-0.047)^6

we get $6367.61

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