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OpenStudy (anonymous):
The original value of a car is $18,000, and it depreciates (loses value) by 15% each year. What is the value of the car after three years?
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OpenStudy (anonymous):
value after three years\[=18000\left( 1-\frac{ 15 }{100 } \right)^3=18000\left( \frac{ 85 }{100 } \right)^3=18000\left( \frac{ 17 }{20 } \right)^3=?\]
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