Question

The origional purchase price of a car is 12000 each year its value depreciates by 5%. Three years after its purchasewhat is the value of the car?

Answer 1

guess my answer was not helpful

Answer 2

i can repeat it in english
one hundred percent minus five percent is ninety-five percent, which is the same as the number \(.95\)
to decrease a number by five percent, multiply it by \(.95\)

Answer 3

if you want to do it three times in a row, multiply by \(.95^3\)

Answer 4

okay thats it?

Answer 5

\[12,000\times (.95)^3\] and a calculator

Answer 6

thanks