Question
mr jones buys a new car for $50,000. the car decreases in value at the rate of 30% each year. find the value of the car after two years.
Answers
Reiny
after first year .7(50000) is left
after second year .7(of above result) is left
amount left = 50000(.7)(.7) = 24500
after second year .7(of above result) is left
amount left = 50000(.7)(.7) = 24500
stephanie
HOW!!!??!!?!