Question

A car is purchased for
$23,500
. After each year, the resale value decreases by
35%
. What will the resale value be after
4
years?
Use the calculator provided and round your answer to the nearest dollar.

Answer 1

`After each year, the resale value decreases by 35%`

that means the car value drops to 65% each year, yes ?

Answer 2

after one year the car value becomes (23500)*65/100

after two years the var value becomes (23500*65/100) *65/100

...

Answer 3

see the pattern ?

Answer 4

Thank you so much, yes i see it now. Thank you for the help