The value of a car depreciates every year at a constant rate. gary bought a car for $25,000 in the year 2013. if the value of the car is expected to depreciate 15% annually, what can gary expect for the value of his car in the year 2017?

He can expect $ 13,050.16 ( approx )

Step-by-step explanation:

Given,

The original cost of the car, P = $ 25,000

Annual rate of decreasing, r = 15 %,

Time, t = 4 years ( From 2013 to 2017 ),

Thus, the new cost of the car after 4 years,

Hence, the he can expect $ 13050.16 value of his car in the year 2017.

the simplified form is

step-by-step explanation:

we want to simplify the expression,

let us change the middle bar to a normal division sign to obtain,

we multiply the first fraction by the reciprocal of the second fraction to obtain,

we factor to obtain,

we cancel the common factors to get,

we simplify to get,

the correct answer is b