A car starts at \30{,}000$ and depreciates 12% per year. Its value after 4 years is closest to:
- A
\15{,}000$
- B
\22{,}500$
- Ccheck_circle
\17{,}900$
- D
\13{,}500$
Explanation
30000 \cdot (0.88)^4 = 30000 \cdot 0.5997 \approx \17{,}992$.
SAT Math· difficulty 4/5
A car starts at \30{,}000$ and depreciates 12% per year. Its value after 4 years is closest to:
\15{,}000$
\22{,}500$
\17{,}900$
\13{,}500$
Explanation
30000 \cdot (0.88)^4 = 30000 \cdot 0.5997 \approx \17{,}992$.
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