Answer :
The answer to the question above is letter B. The new car depreciates at the rate of 15% per year. The expected value of the car after 5 years is $11,093. to explain the calculation of the answer :
year amount % interest total 1 25000 0.15 3750 21250 2 21250 0.15 3187.5 18062.5 3 18062.5 0.15 2709.375 15353.13 4 15353.13 0.15 2302.969 13050.16 5 13050.16 0.15 1957.523 11092.63
Can i get brainliest please?
year amount % interest total 1 25000 0.15 3750 21250 2 21250 0.15 3187.5 18062.5 3 18062.5 0.15 2709.375 15353.13 4 15353.13 0.15 2302.969 13050.16 5 13050.16 0.15 1957.523 11092.63
Can i get brainliest please?