Alex purchased a new car for $28,000. The car's value depreciates 7.25% each year. What will be the value of the car 5 years after it is purchased? Round your answer to the nearest dollar.
so if we multiple the rate (7.25) by 5, we get 36.25 100 - 36.25 is 73.75 73.75% of 28000 is $20650 sorry if it's wrong, I didn't use paper to calculate
