Tonya buys a car for $23,000. The value of the car decreases at a rate of 3% per year. How much will the car be worth in 5 years? Algebra Expressions, Equations, and Functions Problem-Solving Models 1 Answer Deepak G. Sep 4, 2016 #=19750# Explanation: #23000(1-0.03)^5# #=23000times(0.97)^5# #=19750# Answer link Related questions What are the steps to solving a word problem? Where do I start when I'm trying to solve a word problem? How do you check a solution to a problem? What are the different strategies used to solve a word problem? What is the best method of determining the cost of downloading 26 movies, if it cost $2.25 to... How do you solve word problems involving percents? What are commonly used math terms that translates to addition, subtraction, multiplication, and division? How much pure antifreeze should be added to 3 gallons of a 30 percent antifreeze solution to get... How would you use equations to calculate the age of Al given that Al's father is 45 and he is 15... How do you solve #x=(y-1)/(y+1)# for y? See all questions in Problem-Solving Models Impact of this question 2149 views around the world You can reuse this answer Creative Commons License