cole buys a used car for $1,800. if the value of the used car depreciates by 20% every year, what is the…

cole buys a used car for $1,800. if the value of the used car depreciates by 20% every year, what is the value of the used car after 4 years? remaining amount = 1,800(1 - 0.20)^4 remaining amount = $? round your answer to the nearest whole number.

cole buys a used car for $1,800. if the value of the used car depreciates by 20% every year, what is the value of the used car after 4 years? remaining amount = 1,800(1 - 0.20)^4 remaining amount = $? round your answer to the nearest whole number.

Answer

Explanation:

Step1: Calculate the value inside the parentheses

$1 - 0.20=0.80$

Step2: Calculate the power

$0.80^{4}=0.80\times0.80\times0.80\times0.80 = 0.4096$

Step3: Multiply by the initial amount

$1800\times0.4096 = 737.28$

Step4: Round to the nearest whole number

Rounding $737.28$ gives $737$

Answer:

$737$