2005sabin24 2005sabin24

03-04-2021
Mathematics

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the present price of a car is 33750 every year the price decreased by 4% find the price of a car after 4 years

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Parrain Parrain

08-04-2021

Answer: 28,665 currency units

Step-by-step explanation:

Find the value of the car after 4 years using the Future value formula:

= Amount * ( 1 + rate) ^ no. of years

= 33,750 * ( 1 + (-4%))⁴

= 33,750 * 0.84934656‬

= 28,665.45

= 28,665 currency units

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