jerrychris234
Answered

a car is purchased for 26,000 after each year the resale decrease by 35% what will the resale value be

Verified Answer :

dada12e

26,500 .25 = 6625

26,500 - 6625 = $19875 ---------> Price after 1 year


Price after 2 years:

19875 .25 = 4968.75

19875 - 4968.75 = $14,906.3 ---------> Price after 2 years


Price after 3 years:

14,906.3 .25 = 3726.58

14,906.3 - 3725.58 = $11,179.7 ----------> Price after 3 years


Price after 4 years:

11,179.7 .25 = 2794.93

11,179.7 - 2794.93 = $8384.77 ------> Price after 4 years, rounded to the nearest dollar = $8385

candyjo82502

26,000 * 35% = 910. So $910 would be subtracted from 26,000 for each year

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