A car is purchased for $21,500. After each year, the resale value decreases by 25%. What will the resale value be after 5 years?

$5,102.05

Step-by-step explanation:

Present value of the car = $21,500

Present percentage value = 100% = 1

Percentage of Depreciation per year = 25% = 0.25

Years of depreciation = 5 years

The value of the car after 5 years = Present value of the car (Present percentage value - Percentage of Depreciation per year)^Years of depreciation

= 21,500(1 - 0.25)^5

= 21,500(0.75)^5

= 21,500(0.2373046875)

= 5,102.05078125

Approximately,

The value of the car after 5 years = $5,102.05

36 is the final answer! : )

a line is an defined derm because it

a)contains an infinite number of points b) can be used to create other geometric shapes c)describes something that does not have width or depth d) is a term that does not have a formal definition. a line is an undefined term because it: contains an infinite number of points.