# A car is currently worth $28000. Each year is depreciates(loses value) by 15%. What will the car be worth in 5years?

##### 2 Answers

Nov 22, 2016

#### Answer:

**Worth after 5 years is**

#### Explanation:

Current worth is

Depreciation rate is

Time in years is

Worth (W) after 5 years :

Nov 22, 2016

#### Answer:

$12,423.74(app)

#### Explanation:

We know the depreciation formula,

so,

or,

or,

or,