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Daily Math Challenge

📚 Money ⭐ Hard 🎓 Grade 6-8
A car depreciates 15% per year. If it costs $30,000 new, what is it worth after 3 years?
Answer
$18423.75

📝 Step-by-Step Solution

1
Year 1: $30,000 × 0.85 = $25,500
2
Year 2: $25,500 × 0.85 = $21,675
3
Year 3: $21,675 × 0.85 = $18,423.75
💡 Helpful Hints
• Each year, it retains 85% of previous value
• Calculate year by year
• Multiply by 0.85 three times