Question

A car is purchased for $16,000. After each year, the resale value decreases by 35%. What will the resale value be after 5 years??

Answer 1

\[16000(.65)^5\]

Answer 2

13,200

Answer 3

Those are two different answers, which one is right??

Answer 4

the first one.

Answer 5

So the resale value would be $1856.47??

Answer 6

reduce by 35% a year means each year multiply by .65. if it is 35% less it is 65% of its previous value

Answer 7

oh you have to raise to the power first, multiply last

Answer 8

yes that is what i got

Answer 9

Order of operations .. I know. (.65)^5 * 16000 is the answer I posted earlier :/

Answer 10

$1856.47

Answer 11

yes sorry that is right

Answer 12

didn't have a calculator handy

Answer 13

Thanks!

Answer 14

welcome