Word problem, Algebra

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When the Gleo Retro (a trendy commuter car) is brand new, it costs $23,500. Each year it loses 15 % of its value. What will the car be worth when it is 15 years old?

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Word problem, When the Gleo Retro (a trendy commuter car) is brand new, it ...

When the Gleo Retro (a trendy commuter car) is brand new, it costs $23,500. Each year it loses 15 % of its value. What will the car be worth when it is 15 years old?

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