Answer:
The value of the car would be $4,116.00 at the start of 2017.
Step-by-step explanation:
At the start of 2014 Mike's car was worth = $12,000
The value of the car decreased by 30% every year.
We have to calculate the value of the car after 3 years at the start of 2017.
= [tex]1200(1-0.30)^{3}[/tex]
= 12000 × 0.343
= $4,116
So the value of the car would be $4,116.00 at the start of 2017.
