Posted by **rio** on Thursday, December 23, 2010 at 4:01pm.

a new car depreciated by 20% in its first year. each succeeding year it depreciated by 10% assume the car is still in good working condition after 10 years. if the car costs $25,000 calculate the value of the car after 10 years. express your answer to the nearest $10.

please help and show me your steps in working out this equation

## Answer This Question

## Related Questions

- check/ help! - a new car depreciate by 20% in its first year. Each succeding ...
- Algebra1 - 3. Jackson bought a car for $11,000.00. After 2 years, the value of ...
- math - Mr. kumar bought a car for $5,000 during the first year, it's value ...
- Math (Pre-Cal) (Exponential Functions) - A car was valued at $38,000 in the year...
- maths - ben bought a car for £12,000 each year the value of the car depreciated ...
- more logarithms help! - the depreciated value, V, of a car can be calculated ...
- Math - In 2004, your family bought a new car for $15,000. Each year the value of...
- math - The value of a new car decreases exponentially.Suppose your mother buys a...
- Math: Personal Finance - In order to buy a new car, you finance $20,000 with no ...
- maths - a car depreciates at rate of 10%per year. the car cost £20000 new. (a) ...

More Related Questions