A vehicle purchased for $32500 depreciates at a constant rate of 5%. Determine the approximate value of the vehicle 15 years after purchase. Round to the nearest whole number.
A vehicle purchased for $32500 depreciates at a constant rate of 5%. Determine the approximate value of the vehicle 15 years after purchase. Round to the nearest whole number.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 21E
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Question
![A vehicle purchased for $32500 depreciates at a constant rate of 5%. Determine
the approximate value of the vehicle 15 years after purchase.
Round to the nearest whole number.
0
acer
D
✓
C
38](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F70246055-557a-4851-8c33-1313c5079b88%2Facde1929-2d21-42fa-b6cc-8d9d33a0f121%2F2xchoan_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A vehicle purchased for $32500 depreciates at a constant rate of 5%. Determine
the approximate value of the vehicle 15 years after purchase.
Round to the nearest whole number.
0
acer
D
✓
C
38
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