Algebra

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Each year the value of a car decreases by 25% of its value the previous year. After 5 years, what is the value of a car originally worth $17,500? Express answer to the nearest dollar.

  • Algebra -

    The residue value after each year is 100-25=75% of the previous year.
    So after n years, the value is
    P(0.75^n)
    =$17,500 * 0.75^5
    =...
    I'll let you do the calculations.

  • Algebra -

    something

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