Anew car is purchased for 20700 dollars. the value of the car depreciates at 13.75% per year. what will the value of the car be, to the nearest cent, after 12 years?

$4,012.35

Step-by-step explanation: Start out by multiplying

$20,700 by 13.75% or .1375. This equals $2,846.25.  Subtract this amount from $20,700.  This gives you $17,853.75 which is what the car will be worth after 1 year.  Then take this amount, $17,853.75 and multiply it by the percentage (.1375) and subtract from your previous answer, $17,853.75 to get how much it will be worth after 2 years.  Continue doing this until you have calculated the value each year for 12 years.