A new car valued at $16,500 depreciates at a steady rate of 12% per year. what is the value of the car in 10 years?

How does this convert algebraically?

• $ 4595.26
  Value of a car after 10 years=16500[1-(12/100)]^10
  =16500*0.88^10
  =16500*0.2785= 4595.26
• 10 years agoHelpfull: Yes(0) No(0)