A car enthusiast learns that a particular model of car, which costs 43,330 new, loses 17% of its value every year. How much will the car be worth in 9 years?

Solution

A car enthusiast learns that a particular model of car, which costs 43, 330 new, loses 17% of its value every year. How much will the car be worth in 9 years?

Solution

Amount : 109624.9

Solution steps

Translate the problem into an equation:

A = 43330 (1 + 0.17 \cdot 9)

43330 (1 + 0.17 \cdot 9) = 109624.9

Amount : 109624.9

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