The value of a car depreciates every year at a constant rate. Gary bought a car for $25,000 in the year 2013. If the value of the car is expected to depreciate 15% annually, what can Gary expect for the value of his car in the year 2017?
Accepted Solution
A:
in 2017 the car would be worth $10,000 after deprecating by 15% annually hope this helps