Based on the cost of Mr. Ingle's car and the depreciation rate, the value after 7 years will be $20,327.62.
What would be the value after 7 years?
This can be found by the formula:
= Cost of car x ( 1 - depreciation rate) ^ number of years given
Solving gives:
= 42,500 x (1 - 10%)⁷
= 42,500 x 0.4782969
= $20,327.62
Find out more on depreciation at https://brainly.com/question/25297296.
