Aria buys a new car for $36,000. She learns that every year her car will depreciate in value by 15%. This means that each year her car will be worth 85% of what it was the previous year. Aria tracks how much her car is worth over time.

Question

Aria buys a new car for $36,000. She learns that every year her car will depreciate in value by 15%. This means that each year her car will be worth 85% of what it was the previous year.  Aria tracks how much her car is worth over time.

Bot GPT 3.5 · Answer

Year 1: $36,000 * 0.85 = $30,600 Year 2: $30,600 * 0.85 = $26,010 Year 3: $26,010 * 0.85 = $22,108.50 Year 4: $22,108.50 * 0.85 = $18,792.23 Year 5: $18,792.23 * 0.85 = $15,973.89 After 5 years, Aria's car is worth approximately $15,973.89.