Saturday

December 20, 2014

December 20, 2014

Posted by **Pat** on Saturday, May 5, 2012 at 11:36am.

What is the formula?

- Math -
**Kitty**, Saturday, May 5, 2012 at 11:57amFirst Year = 15000 / 100 * 15 = 2250 (minus from 15000 = 12750)

Second year = 12750 / 100 * 15 = 1912.50 (minus from 12750 = 10837.50

Third Year = 10837.50 / 100 * 15 = 1625.63 (minus from 10837.50 = 9211.87)

Continue for year four and five :)

**Answer this Question**

**Related Questions**

Math - Victor bought a brand new car for P750,000. If the value of the car ...

math - Sam bought a new car for $26,500. The car depreciates approximately 13% ...

Advanced Functions - he value of a new car depreciates at a rate of 12% per year...

math - Value of a new car depreciates at a rate of 12% per year. It is worth $23...

algebra - kathy plans to purchase a car that depreciates (loses value)at a rate...

algebra - ben bought a car for $20,000 in 2003. The car depreciates at a ...

math - Value of a new car depreciates at a rate of 12% per year. Approximately ...

Algebra1 - 3. Jackson bought a car for $11,000.00. After 2 years, the value of ...

maths - ben bought a car for £12,000 each year the value of the car depreciated ...

Math - 1. Victor brought a brand new car for 750,000. IF the value of the car ...