In the year 2010, a person bought a new car for $29000. For each consecutive year after that, the value of the car depreciated by 8%. How much would the car be worth in the year 2013, to the nearest hundred dollars?

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.6: Solve Applications With Linear Inequalities
Problem 3.110TI: Christian has been offered a new job that pays $24,000 a year plus 3% of sales. For what total sales...
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In the year 2010, a person bought a new car for $29000. For each consecutive year after that, the value of the car depreciated by 8%. How much would the car be worth in the year 2013, to the nearest hundred dollars?

 

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