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

In 2004, your family bought a new car for $15,000. Each year the value of the car is decreasing approximately 15% per year. Your father plans to keep the car 5 years before he buys another new car. What will be the value of the car when he's ready to trade?

What is the formula?

## Answer This Question

## Related Questions

- 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 - a car depreciates in by avalue of $1000 per year. The original value of ...
- Math - Victor bought a brand new car for P750,000. If the value of the car ...
- FINAN & QUANTITATIVE LITERACY - You currently drive 288 miles per week in a car ...
- algebra - kathy plans to purchase a car that depreciates (loses value)at a rate...
- math - Sam bought a new car for $26,500. The car depreciates approximately 13% ...
- Algebra1 - 3. Jackson bought a car for $11,000.00. After 2 years, the value of ...
- math - Value of a new car depreciates at a rate of 12% per year. It is worth $23...
- maths - a car depreciates at rate of 10%per year. the car cost £20000 new. (a) ...

More Related Questions