Question

You buy a used car for $15,000. It depreciates at the rate of 23% per year. Find the value of the car for the following years.

A. 1 year

B. 3 years.

Explain how you got your answer.

Answer 1

Since 23% is the same as 0.23, you can multiply 15000 x 0.23, and that will be for 1 year.

Answer 2

Figure it out.

Answer 3

15k*.23=x

x is the value after the first year.

x*.23=y

this would be the cost of the car after the 2nd year

y*.23=z

which would be the final value of the car and the answer for b

Answer 4

so just keep doing this pattern of taking the value of the car and mult. it by the .23