Anew car is purchased for 23200 dollars. the value of the car depreciates at 13.25% per year. what will the value of the car be, to the nearest cent, after 7 years?

The value of car after 7 years will be $8,577.77

Step-by-step explanation:

A new car is purchased for 23200 dollars.

Initial price of car, P = $23,200

The value of the car depreciates at 13.25% per year.

Rate of depreciation, r = 13.25% = 0.1325

Time of depreciation, t = 7 years

Formula:

Hence, The value of car after 7 years will be $8,577.77

i think the answer is b)

step-by-step explanation:

25/6 hope it : )

step-by-step explanation: