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SAT Math· difficulty 4/5

A car worth \\24{,}000depreciatesdepreciates15\%peryear.Whatisitsvalueafterper year. What is its value after2$ years?

  • A

    $17{,}340

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  • B

    $18{,}240

  • C

    $17{,}640

  • D

    $16{,}320

Explanation

24,000cdot0.852=24,000cdot0.7225=17,34024{,}000 \\cdot 0.85^2 = 24{,}000 \\cdot 0.7225 = 17{,}340.

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