A vehicle purchased for $20700 depreciates at a constant rate of 8 % . Determine the approximate value of the vehicle 13 years after purchase. Round to the nearest whole number. Submit Question

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 15E
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A vehicle purchased for $20700 depreciates at a constant rate of 8 % . Determine the approximate value
of the vehicle 13 years after purchase.
Round to the nearest whole number.
Submit Question
Transcribed Image Text:A vehicle purchased for $20700 depreciates at a constant rate of 8 % . Determine the approximate value of the vehicle 13 years after purchase. Round to the nearest whole number. Submit Question
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