If a car is 30000 and it deprecitates by 25 of its current value every year how much will the cat be worth in 3 years?

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1281641

2026-05-15 12:06

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If a car is worth $30,000 and depreciates by 25% of its current value each year, the value after each year can be calculated as follows:

  • Year 1: $30,000 - (25% of $30,000) = $30,000 - $7,500 = $22,500
  • Year 2: $22,500 - (25% of $22,500) = $22,500 - $5,625 = $16,875
  • Year 3: $16,875 - (25% of $16,875) = $16,875 - $4,218.75 = $12,656.25

After 3 years, the car will be worth approximately $12,656.25.

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