The value of Lynn's car depreciates at about 15% per year. If Lynn purchased her car for $21,900 what would its value be in 10 years?
1 Answer
Jan 13, 2018
Explanation:
#"the depreciation factor "=100-15=85%=0.85#
#"value in 10 years "=$21900xx(0.85)^(10)#
#color(white)(xxxxxxxxxxxx)=$4311.549....~~$4312#
