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A car sells for $20,930. If the rate of depreciation is 6%, what is the value of the car after 8 years? Round to the nearest thousand. Write the complete number (with zeros

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kensethjpark

Answer: 10,883.6

Step-by-step explanation: So first we have to find out what the depreciation is and to find that we have to take the 20,930 and times it by 0.06 (6%) which is 1,255.8,

So, we then times 1,255.8 by 8 because 8 years of depreciation, which is 10,046.4,

Finally we take 20,930 (the cars total value) and subtract the depreciation from it (10,046.4) so in 8 years the car is worth 10,883.6

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