A particular new car is worth $19,678.00 With each passing year, the value of the car will be 0.84 times its value the previous year. To the nearest dollar, what will the car be worth in 3 years?

Question

anonymous · Answer

After 1st year, value of the car is $$0.84\times19678$$
After 2nd year, value of the car is $$0.84\times0.84\times19678$$
After 3rd year, value of the car is $$0.84\times0.84\times0.84\times19678 = 11663$$