a new car costs $13,000 and is depreciating by $900 each year..how much will the car be worth after 4 years?
$9,400
13,000 - (4 * 900) = ?
600
10,300
To find out how much the car will be worth after 4 years, you'll need to subtract the total depreciation from the initial cost of the car.
Given that the car depreciates by $900 each year and you're calculating for 4 years, the total depreciation over those 4 years will be $900 multiplied by 4, which equals $3,600.
To find the final value of the car, subtract the total depreciation from the initial cost of the car.
$13,000 (initial cost) - $3,600 (total depreciation) = $9,400.
Therefore, the car will be worth $9,400 after 4 years.