khodge310 khodge310

12-09-2020
Mathematics

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find the initial value seventeen years from now, Ms. speedis car, which is depreciating at 20% per year, will be worth $500

Respuesta :

ryanpinrui ryanpinrui

12-09-2020

Answer:

Around 22200 dollars

Step-by-step explanation:

Firstly, it was depreciating 20% per year for 17 years. So, if we were to go back in time, it would be appreciating by 25%. Therefore, after doing the plugging in, it is 500 * 1.25^17. The initial value is around 22200. It is around 22204, to be exact.

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