Manny purchased a new car this year for 20,500 The car is expected to depreciate at an annual rate of 16%
About how much will manny's car be worth after 5 years? Round to the nearest dollar.
a) 43,377 b) 43,057 c) 9858 d) 8573

Question

29-10-2014
Mathematics

Answered

Manny purchased a new car this year for 20,500 The car is expected to depreciate at an annual rate of 16%
About how much will manny's car be worth after 5 years? Round to the nearest dollar.
a) 43,377 b) 43,057 c) 9858 d) 8573

Answer :

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ym06041999 ym06041999 · Answer 1 · 2014-10-29T17:27:29-04:00

20500 - ( 20500/100*16)= 20500-3280=17220 17220 - (17220/100*16) = 17220- 2755.20= 14464.80 14464.8 - (14464.8/100*16) = 14464.80 - 2314.37=12147.43 12147.43 - (12147.43/100*16) =12147.43- 1943.59=10203.84 10203.84 -(10203.84/100*16)=10203.84-1632.61= 8571.23 BUT I rounded as I went otherwise it would have taken longer to write but you can add it and by my answer it would be D - you can check it :)

Manny purchased a new car this year for 20,500 The car is expected to depreciate at an annual rate of 16% About how much will manny's car be worth after 5 years? Round to the nearest dollar. a) 43,377 b) 43,057 c) 9858 d) 8573

Answer :

Other Questions

Manny purchased a new car this year for 20,500 The car is expected to depreciate at an annual rate of 16%
About how much will manny's car be worth after 5 years? Round to the nearest dollar.
a) 43,377 b) 43,057 c) 9858 d) 8573