A car dealer marks down the price of his new cars by 3% for every month they sit on the lot unsold. If a car is priced at $24,099 on Janu..?

A car dealer marks down the price of his new cars by 3% for every month they sit on the lot unsold. If a car is priced at $24,099 on January 1st, what would its price be on May 1st?

fcas802021-04-07T19:46:34Z

Favorite Answer

24099 * (.97^4) = 21334.67