A car is purchased for $26,500. After each year, the resale value decreases by 30%. What will the resale value be after 3years?
Use the calculator provided and round your answer to the nearest dollar.
Will medal

Question

A car is purchased for $26,500. After each year, the resale value decreases by 30%. What will the resale value be after 3years?
Use the calculator provided and round your answer to the nearest dollar.
Will medal

directrix · Answer

If the resale value decreases by 30% per year, then the car retains 70% per year of its value. The resale value will be 26500* (.70)^3 which is $9089.50 which is $9090 to the nearest dollar. Read more here: http://www.lemars.k12.ia.us/webfiles/mboyd/Algebra%201A%20&%201B%20Textbook%20(e-edition)/Source/CAP08HAD.pdf

directrix · Answer

@bri97