A car enthusiast learns that a particular modal of car, which costs 34,411 new, loses 25% of its value every year. How much will the car be worth in 6 years?If necessary, round your answer to the nearest cent.

Solución

A car enthusiast learns that a particular model of car, which costs 34, 411 new, loses 25% of its value every year. How much will the car be worth in 6 years?If necessary, round your answer to the nearest cent.

Solución

Amount : 86027.5

Pasos de solución

Translate the problem into an equation:

A = 34411 (1 + 0.25 \cdot 6)

34411 (1 + 0.25 \cdot 6) = 86027.5

Amount : 86027.5

Ejemplos populares

Gina puts 3,000.00 into an account to use for school expenses. The account earns 10% interest, compounded quarterly. How much will be in the account after 9 years?Matthew is saving up money to buy a car. Matthew puts 9,279.00 into an account which earns 1% interest, compounded annually. How much will he have in the account after 7 years?resolver para Six more than the product of a number and 2 is 8.25 divide by a number You deposit 3000 in an account earning 1399% interest compounded monthly. How much will you have in the account in 69 years?