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A new car is purchased for 20700 dollars. The value of the car depreciates are 11% per year. What will the value of the car be, to the nearest cent, after 11 years?

Respuesta :

Answer: $5,744.61

Step-by-step explanation:

year 1 = -2,277

year 2 = -2026.53

year 3 = -1803.61

year 4 = -1605.21

year 5 = -1428.64

year 6 = -1271.49

year 7 = -1131.62

year 8 = -1007.17

year 9 = -896.36

year 10 = -797.76

year 11 = -710

you are subtracting 11% from each year.

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