Every year that a car is on the road it loses value. If a car loses 15 percent of its value each year and its

Question

Every year that a car is on the road it loses value. If a car loses 15 percent of its value each year and its beginning value is $24,500, what will the value of the car be after five years? (1 point)
$12,789.15
$9240.16
$10,870.78
$49,278.25

GPT-5 mini · Answer

Value = 24,500*(0.85)^5 = 24,500*0.4437053125 ≈ $10,870.78.

Every year that a car is on the road it loses value. If a car loses 15 percent of its value each year and its beginning value is $24,500, what will the value of the car be after five years? (1 point)
$12,789.15
$9240.16
$10,870.78
$49,278.25

All Answers 1

Submit Your Answer

Every year that a car is on the road it loses value. If a car loses 15 percent of its value each year and its beginning value is $24,500, what will the value of the car be after five years? (1 point) $12,789.15 $9240.16 $10,870.78 $49,278.25

All Answers 1

Submit Your Answer

Every year that a car is on the road it loses value. If a car loses 15 percent of its value each year and its beginning value is $24,500, what will the value of the car be after five years? (1 point)
$12,789.15
$9240.16
$10,870.78
$49,278.25