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Mathematics

Answered

A new car is purchased for 17600 dollars. The value of the car depreciates at 11.75%
per year. What will the value of the car be, to the nearest cent, after 11 years?

Answer :

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Answer:

The value of the car will be

4450.15

Step-by-step explanation:

we know that

11.75%=11.75/100=0.1175

so Let

x-----> the value of the car after 11 years

X=17600(1-0.1175)11=4450.15

Step-by-step explanation:

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