Donald bought a car for $8650. The value of the car is decreasing at a rate of 3% per year. How much will Donald's car be worth in 7 years?
SO! Let's get started lol
The car is worth 97% of its orginal cost value each and every year.
So we would have to multiply 8650 by 0.97 seven times.
8650 0.970.970.970.970.970.97*0.97
and the the final answer is $6989.05
Hope this helps!
Answer:
6989.05
Step-by-step explanation:
8650(1-0.03)^7
8650(0.97)^7
8650*0.80798284
6989.05