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Mathematics, 06.05.2020 03:03 gjeaneasley
CHOOSE TO ANSWER EITHER QUESTION:
Kate purchased a car for $23,000. It will depreciate by a rate of 12% a year. What is the value of the car in 4 years?
a) $13,935.76
b) $12,874.57
c) $13,792.99
OR
A rare coin is currently worth $450. The value of the coin increases 4% each year. Determine the value of the coin after 7 years.
a) $613.98
b) $546.78
c) $592.17
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Answers: 2
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