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Sagot :
$20090
because, in three years it would have depreciated by 18% (9%*3=18) so you would subtract 18% off of $24500
because, in three years it would have depreciated by 18% (9%*3=18) so you would subtract 18% off of $24500
Answer:
18500
Step-by-step explanation:
Percent decrease:
\text{Multiply by }(1-r)=(1-0.09)=(0.91)
Multiply by (1−r)=(1−0.09)=(0.91)
2005: \color{green}{24500}
2005:24500
2006: \color{green}{24500} (0.91) = \color{blue}{22295}
2006:24500(0.91)=22295
2007: \color{blue}{22295} (0.91) = \color{red}{20288.45}
2007:22295(0.91)=20288.45
2008: \color{red}{20288.45} (0.91) = \color{orange}{18462.49}
2008:20288.45(0.91)=18462.49
\text{Car value in 2008:}
Car value in 2008:
\$18500
$18500
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