kaycous
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Please help I'll pick brainliest answer!

Mara bought her car for $19,980. It is expected to depreciate an average of 13% each year during the first 8 years. What will the approximate value of the car be in 8 years?

A) 6364
B) 6426
C)6558
D)6832

Respuesta :

smorin52

if the car depreciates an average of 13% per year after 8 years the value of the car should be about $6558

Hope this helped :)

Answer: Option 'C' is correct.

Step-by-step explanation:

Since we have given that

Amount at which she bought her car = $19980

Rate of depreciation = 13%

Number of years = 8 yrs

As we know the formula for "Compound Interest ":

[tex]A=P(1-\frac{r}{100})^n\\\\A=19980(1-\frac{13}{100})^8\\\\A=19980(1-0.13)^8\\\\A=6557.66\\\\A=\$6558[/tex]

Hence, the approximate value of the car will be $6558 in 8 years.

Hence, Option 'C' is correct.

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