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OpenStudy (anonymous):
The original value of a car is $22,000, and it depreciates by 15% each year. What is the value of the car after 3 years?
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OpenStudy (anonymous):
22000 * .15 * .15 * .15 = 74.25
OpenStudy (anonymous):
move the decimal point over 2 times to the left for percent
OpenStudy (anonymous):
yeah so it goes like... 22000*.15=3300 18700 after 1 year 18700*.15=2805 15895 after 2 years 15895*.15=2384.25 13510.75 after 3 years....simple as that!
OpenStudy (anonymous):
oh yah he's right so it depricates by .15. then you subtract the deprication from the total, my bad
OpenStudy (anonymous):
thanks(:
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OpenStudy (anonymous):
@ksmith197 you were good though.
OpenStudy (anonymous):
yeah,ANYTIME
OpenStudy (anonymous):
lol(:
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