Anew car is purchased for 16400 dollars. the value of the car depreciates at 8.25% per year. what will the value of the car be, to the nearest cent, after 10 years?

$6932.73.

Step-by-step explanation:

Principal = $16400

Rate of decrease = 8.25%

Now we are supposed to find What will the value of the car be, to the nearest cent, after 10 years?

Formula :

where A is the amount

r is the rate of decreasing in % =8.25%

t is the time =10

P is the principal =$16400

Substituting the values:

Hence the value of the car after 10 years will be $6932.73.

marco saved more.   he saved $35 more.

step-by-step explanation:

1+2+3+4+5+6+7+8+9+10 = 55

2*10 = 20

55-20 = 35