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Black_prince [1.1K]

2 years ago

14

A new car is purchased for 16500 dollars. The value of the car depreciates at 5.75% per year. What will the value of the car be,

to the nearest cent, after 5 years?

1 answer:

kirill115 [55]2 years ago

3 0

A=16500(1-0.0575)^5
A=16,500×(1−0.0575)^(5)
A=12,271.30

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