Answer:
Step-by-step explanation:
let the price of the car be $ 23 700
The depreciation will be 13.5 % per year
Thus, the car will depreciate at a rate of :
[tex]\frac{13.5}{100} * 23700\\ = 3199.5[/tex]
After 10 years, the car will be: = $ 23 700 - (10× $ 3199.50)
= - $ 4 695
